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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The continued stream of robust earnings reports and the stronger-than-expected July jobs report helped U. S. stocks to close at record highs.
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.
Trading was frenzied during the short trading week after inflation worries gave way to growth concerns. The S&P 500 ended the week 0.4% higher.
This post features the best ETFs, Select Sector SPDRs, Fidelity funds, and S&P 500 stocks of second quarter, along with what to look forward to in the third quarter.
The S&P 500 lost 2.2%. The Fed upended markets forecasting higher inflation. Value stocks fell while growth stocks rose amidst declining bond yields.
The S&P 500 marked its third straight weekly advance to close at a record high as investors shrugged off inflation concerns and bond yields declined.
The May jobs report led investors to believe the Fed will maintain its easy-money policies longer. The S&P 500 advanced for a second straight week.
Helped by gains in re-opening trades and growth stocks, the S&P 500 broke its string of back-to-back weekly losses to end May with a fractional gain.
The S&P 500 fell for a second straight week. Crashing cryptocurrencies weighed on stocks. Investors also worried over how long interest rates will stay low.

THE GOOD NEWS JUST BEGINS!