Market Week: August 2, 2021
It was a very busy summer week, with lots of earnings reports, economic data, meetings from the Fed, and more COVID worries; but when it was over, markets ended mixed.
It was a very busy summer week, with lots of earnings reports, economic data, meetings from the Fed, and more COVID worries; but when it was over, markets ended mixed.
Despite starting the week in worrisome territory, the markets rebounded as investors “bought-the dip,” pushing the S&P 500, NASDAQ and DJIA to record highs by week’s end…
HIS Markit compiles and reports its Purchasing Managers’ Index, which is data compiled for more than 40 economies worldwide.
All of the major U.S. equity indices came roaring back this week, rising more than they lost last week, as NASDAQ crested a new record high..
The semiconductor industry represents another compelling investment opportunity with a significant presence outside the U.S. — primarily in Europe and Asia.