S&P 500, Nasdaq end lower on first day of August in busy earnings week By Reuters

and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies' earnings reports later this week.

U.S. stocks ended July on a strong footing, as investors welcomed better-than-expected earnings. Support also came from hopes of a soft landing for the economy which has stayed resilient as inflation has cooled with rising interest rates. The benchmark S&P 500 hit a 16-month high on Monday, and is less than 5% away from breaching its record high closing level notched on Jan. 3, 2022.

"It's been a really good run in June, July. And everybody sort of knows that August was historically a pretty weak seasonal month," said Scott Ladner, chief investment officer of Horizon Investments."So I think people are just taking the opportunity to lighten up a little bit."

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

U.S. stocks open higher as S&P 500, Nasdaq headed for fifth straight monthly gainU.S. stocks opened higher on Monday, the final session of July, as the three main indexes appeared poised for sizable monthly gains. The Dow Jones Industrial Average was little-changed at 35,470:
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

U.S. stocks finish higher as S&P 500, Nasdaq climb for 5th straight monthU.S. stocks finished higher on Monday, while the S&P 500 and Nasdaq Composite capped off July by recording their fifth-straight month in the green — the...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Curve Finance's Token Surges 500% on Bithumb After Major ExploitThe CRV/KRW pair listed on South Korea's Bithumb exchange has decoupled from the CRV/USD pairs listed on Western exchanges that exhibit price weakness.
La source: CoinDesk - 🏆 291. / 63 Lire la suite »