Tag Archives: August

Why the August jobs report will be make-or-break for the Fed

The Federal Reserve has telegraphed that it will soon take the first steps in paring back its extraordinary monetary stimulus to the economy, but Fed officials are split on exactly when to start that process. For many of the 18 policymakers on the central bank’s Federal Open Market Committee, it could all come down to a single point of data due this week. “A non-committal Fed puts the focus squarely on Friday’s jobs report,” ING Economics wrote Tuesday. The August jobs report, to be… Source link

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Stocks drift below records as indexes head for winning August

Stocks dipped on Tuesday, with the major indexes on track to close out August trading with another monthly gain.  The S&P 500 was slightly lower, pulling back after the Conference Board’s closely watched monthly report on consumer confidence fell more than expected in August amid the Delta variant’s spread. Both the S&P 500 and the Nasdaq had set fresh record intraday and closing highs during Monday’s trading day, powered higher by a jump in heavily weighted Big Tech stocks.  The S&P 500 is… Source link

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Now, August is good for stocks: Morning Brief

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, August 31, 2021 The worst month of the year… has been a great month.  When August began, investors were warned that history has not been kind to the stock market during the summer’s final full month.  This is an annual tradition in markets commentary.  Over the last 10- and 20-year periods, the S&P 500 Index’s (^GSPC) average return… Source link

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Stock futures edge higher as indexes head for winning August

Stock futures rose Monday evening, with the major indexes on track to close out August trading with another monthly gain.  Contracts on the S&P 500 ticked up. Both the blue-chip index and the Nasdaq set fresh record intraday and closing highs during the regular trading day, powered higher by a jump in heavily weighted Big Tech stocks.  The S&P 500 is on track to post a seventh straight monthly advance in August, pacing toward a 3% monthly gain and bringing its year-to-date increase to nearly… Source link

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Strong August jobs report will be green light for taper

Federal Reserve Governor Christopher Waller said Friday that if the August jobs report next week shows more than 850,000 payroll gains, he would advocate taking the first steps in pulling back the Fed’s easy money policies. “I would like to go early this fall,” Waller told Yahoo Finance in an exclusive interview on Friday. “I don’t see any reason that we would need to wait until next year. That’s my own view, unless something really bad comes out in the job market report next… Source link

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Yandex (YNDX) Up 2.1% Since Last Earnings Report: Can It Continue? – August 27, 2021

A month has gone by since the last earnings report for Yandex (YNDX Quick QuoteYNDX – Free Report) . Shares have added about 2.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Yandex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the… Source link

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