Looking Back, Looking Forward – August 08, 2021
The continued stream of robust earnings reports and the stronger-than-expected July jobs report helped U. S. stocks to close at record highs.
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Sam Subramanian
The continued stream of robust earnings reports and the stronger-than-expected July jobs report helped U. S. stocks to close at record highs.
ETFs focusing on rare earths, lithium, residential real estate, and water were top performers in July.
Fidelity funds focusing on water, medical technology & devices, real estate, and the Nordic region were top performers in July. Water stocks rose from optimism on the Infrastructure bill becoming law.
U. S. stocks reversed losses from a sharp sell-off. They rallied four straight days to close the week at record highs as investors bought on the dip.
The S&P 500 snapped its three-week winning streak. Rising COVID cases and falling consumer sentiment overshadowed robust earnings and retail sales.