Stocks look to rebound during quieter week for economic data: What to know this week

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Nasdaq Composite News

Economic Data,Federal Reserve,Disney

A quiet economic data week greets a slumping stock market as investors are increasingly concerned about the impact of high interest rates on the US economy.

) fell over 3.7%. This drawdown in the Nasdaq sent the index into a correction after closing more than 10% from its latest high reached on July 10. Meanwhile, the Dow Jones Industrial Average While shifts in the macroeconomic narrative took center stage and weighed on markets last week, the S&P 500 as a whole is quietly posting its best quarter of year-over-year earnings growth in nearly three years.

This would mark the highest year-over-year earnings growth rate reported by the index since the fourth quarter of 2021. Olympics 2024 LIVE! Novak Djokovic vs Carlos Alcaraz final; Charlotte Fry wins bronze; Tommy Fleetwood latest Team GB is enjoying a golden Paris Olympics. At the end of the first seven days of competition, Great Britain occupied fifth spot on the overall medal table, with the promise of more to come.Kentucky Gov. Andy Beshear's efforts to land the No. 2 spot on the Democratic presidential ticket drew ridicule from prominent Republicans during the Bluegrass State's premier political event.

 

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