Technology, energy stocks drive S&P 500 to record high

On the data front, the number of Americans filing new claims for jobless benefits fell last week, although the focus will be on the Labor Department's monthly jobs report on Friday, which could set the stage for the Fed's policy meeting later this month.

"With jobless claims hitting a pandemic low, there's definitely some optimism as we look ahead to the full jobs picture tomorrow," said Mike Loewengart, managing director of investment strategy at E*TRADE Financial. "But keep in mind there's no shortage of headwinds when it comes to the labor market — with pockets of resurging COVID cases impacting reopenings and employees heading back to work. And with stimulus drying up, there's some reasoning behind the drop off in claims."

The S&P 500 and Nasdaq have consistently hit record highs over the past few weeks as a solid corporate earnings season and hopes of continued central bank support underpinned confidence as data showed the post-pandemic U.S. economic growth was beginning to slow. Still, strategists said those highs could be challenged as the rebound in corporate profits loses its edge and the pressure builds on the Fed to taper its massive stimulus.

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Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

A nearly 10% S&P 500 correction last September has stock-market investors dreading autumn 2021Even as stocks look set to scale fresh altitudes in September, the feeling of dread on Wall Street is palpable. Lolll yea investors are really shaking in their boots. Do you actually get paid to write this crap? Market analysts are terrible at predicting the future…. Just stick to a strategy and don’t adjust… ignore the bulls and the bears
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »