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Stock market today August 31, 2021


Stock market today

A lower close for the US stock market today. Small-cap stocks outperformed. The closing numbers for the US stock market today are:

S&P 500: 4,522.68,-6.11(-0.13%)
Dow 30: 35,360.73,-39.11(-0.11%)
Nasdaq: 15,259.24,-6.65(-0.04%)
Russell 2000: 2,273.77,+7.78(+0.34%)

Stock market news today

“Stocks dipped on Tuesday, but the major indexes still closed out August trading with another monthly gain.

The S&P 500 was slightly lower during the session, pulling back after the Conference Board’s closely watched monthly report on consumer confidence fell more than expected 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 posted a seventh straight monthly advance in August, logging an almost 3% monthly gain and bringing its year-to-date rise to more than 20%. The Nasdaq outperformed with a gain of about 4% in August as traders piled back into growth and technology stocks. Meanwhile, the Dow — which is heavy in cyclical stocks with earnings tied to the economic recovery — underperformed, gaining just over 1% as concerns over the Delta variant surged in recent weeks.

Sector leadership was split between cyclical and growth areas of the markets in August. The financials sector was the biggest leader in August, gaining 5% on the month. This was followed by the communication services and utilities sectors. However, the energy sector was the biggest laggard during the month, and was the only S&P 500 sector to dip in August.

Even given the S&P 500’s march to all-time highs, many strategists have penciled in further gains.

BMO Capital Markets became the latest firm to raise its year-end price target on the S&P 500 on Monday. The company’s chief investment strategist Brian Belski wrote in a new note that he now expects the index to end the year at 4,800 instead of 4,500. He cited the “blistering rate” of corporate earnings beats in the second-quarter, with the strengthening economic backdrop helping also drive profit growth at many companies.

The current policy environment has also been conducive to further gains in equities, other strategists have noted, given the Federal Reserve’s still-accommodative policy tilt and the prospects of further government spending with the infrastructure and budget reconciliation bills being discussed in Congress.”

Stock market data: Yahoo Finance

Stock market today August 24, 2021


Stock market today

Another higher close for the US stock market today, as all major stock indexes closed higher. Small-cap stocks outperformed. The closing figures for the US stock market today follow:

S&P 500: 4,486.23,+6.70(+0.15%)
Dow 30: 35,366.26,+30.55(+0.09%)
Nasdaq: 15,019.80,+77.15(+0.52%)
Russell 2000: 2,230.91,+22.61(+1.02%)

Stock market news today

“Stocks gained on Tuesday, reaching fresh all-time highs as optimism over earnings and the economic reopening at least temporarily outweighed lingering concerns over the virus and changes to monetary policy.

The S&P 500 edged up to fresh record intraday and closing highs. Big Tech stocks including (AMZN) added to gains, and the Nasdaq outperformed to also set new record levels. “Reopening” stocks including the airlines and cruise lines also increased after rising on Monday, with optimism over a broader leisure and travel recovery coming after the U.S. Food and Drug Administration granted full approval to Pfizer (PFE) and BioNTech’s (BNTX) COVID-19 vaccine.

Shares of Chinese technology companies rose, shaking off the past several weeks’ steep declines amid a regulatory crackdown of the major tech firms in China. The jump came after Ark Investment Management — run by the closely watched investor Cathie Woods — scooped up shares of Chinese e-commerce company JD.com (JD) following the firm’s better-than-expected quarterly results. Peers including Alibaba (BABA) and Baidu (BIDU) also advanced, and the Hang Seng index (^HSI) increased by 2.5%.

Investors are also eagerly awaiting the Federal Reserve’s virtual Jackson Hole Symposium beginning on Thursday. The event is expected to serve as another forum for central bank officials to discuss their assessment of economic conditions, and offer hints as to when the Fed might announce and eventually begin the process of tapering its crisis-era asset purchase program.

New economic data out at the start of the week disappointed relative to Wall Street’s estimates, with an index tracking activity in the U.S. services sector cooling to an eight-month low as concerns over the Delta variant started to weigh on demand.

Despite the ongoing risks around the virus, however, three major factors have served to help keep equity markets marching toward fresh all-time highs, according to one strategist.”

Stock market data: Yahoo Finance

Stock market today August 23, 2021


Stock market today

The US stock market closed higher today, as both S&P 500 and Nasdaq made new record highs. Small-cap stocks outperformed and Dow Jones underperformed. The closing numbers for the US stock market today follow:

S&P 500: 4,479.53,+37.86(+0.85%)
Dow 30: 35,335.71,+215.63(+0.61%)
Nasdaq: 14,942.65,+227.99(+1.55%)
Russell 2000: 2,208.30,+40.70(+1.88%)

Stock market news

“Stocks gained on Monday, rising to fresh record levels after last week’s volatility as investors looked ahead to a key event from the Federal Reserve later this week.

The S&P 500 advanced and reached a fresh all-time intraday high. The Nasdaq Composite outperformed, adding 1.6% to reach record intraday and closing highs. The positive sentiment extended into other risk assets, and oil prices also rebounded following recent declines. U.S. West Texas intermediate crude oil futures (CL=F) topped $64 a barrel, and Brent crude (BZ=F) jumped above $67 per barrel after suffering its longest losing streak since early 2018 as of last week.

“It’s the return of risk appetite in the broader financial markets,” Vandana Insights CEO Vandana Hari told Yahoo Finance of the rebound on Monday. “The real blow last week was signals the Fed might start tapering towards the end of this year, and I think that was a real double whammy for oil.”

The Dow rose as shares of Boeing and Chevron (CVX) outperformed. Shares of Pfizer (PFE) jumped after the pharmaceutical company announced it will acquire the cancer drugmaker Trillium Therapeutics (TRIL) for $2.3 billion. Separately, the U.S. Food and Drug Administration fully approved Pfizer’s top-selling COVID-19 vaccine following months of use under emergency authorization.

Stocks came under pressure late last week after the Federal Open Market Committee’s July meeting minutes signaled that “most” Fed participants believed the economy will have recovered enough to warrant the start of asset-purchase tapering by the end of this year. The S&P 500 posted its first weekly decline in three weeks, albeit while closing out Friday’s session to the upside. Central bank officials are set to hold their annual Jackson Hole Symposium this week starting on Thursday, which could serve as a forum for more remarks about the size and scope of the Fed’s tapering plans.”

Stock market data: Yahoo Finance

Top stock gainers on August 20, 2021


Top stock gainers today

These are the stocks among top stock gainers on August 20, 2021:

  • Amyris, Inc. (AMRS): 13.99+1.86 (+15.33%)
  • 360 DigiTech, Inc. (QFIN): 19.45+2.55 (+15.09%)
  • Full Truck Alliance Co. Ltd. (YMM): 12.68+1.66 (+15.06%)

Stock market data: Yahoo Finance

US stock market close on August 20, 2021


US stock market

The closing numbers for the US stock market on August 20, 2021 were:

S&P 500: 4,441.67,+35.87(+0.81%)
Dow 30: 35,120.08,+225.96(+0.65%)
Nasdaq: 14,714.66,+172.88(+1.19%)
Russell 2000: 2,167.60,+35.18(+1.65%)

Stock market data: Yahoo Finance

Stock market today August 10, 2021


Stock market today

A mixed close for the US stock market today. Dow Jones outperformed and Nasdaq underperformed. The closing numbers for the US stock market today are:

S&P 500: 4,436.75,+4.40(+0.10%)
Dow 30: 35,264.67,+162.82(+0.46%)
Russell 2000: 2,239.36,+4.55(+0.20%)

Stock market news

“Stocks were mostly higher on Tuesday, drifting to the upside as traders weighed concerns over the Delta variant’s latest spread against optimism over an ongoing rebound in economic activity.

The S&P 500 and Dow each eked out record intraday highs, while the Nasdaq dipped. A day earlier, both the S&P 500 and Dow sank, dragged down by energy stocks amid concerns over reinstated travel restrictions in China due to rising coronavirus infections. Investors on Tuesday eyed the passage of a sweeping $1 trillion infrastructure bill by the U.S. Senate, with the legislation to rebuild roads, bridges and other physical infrastructure across the country now headed to the House of Representatives.

U.S. West Texas intermediate crude oil futures (CL=F) advanced Tuesday to recover after reaching a three-week low on Monday. Treasury yields rose across the curve, and the benchmark 10-year yield broke above 1.34%.

Shares of AMC Entertainment (AMC) gained after the movie theater operator topped second-quarter revenue estimates, with customers’ return to the theaters taking place more forcefully than anticipated at the start of the summer. Shares of peer “reopening” stock Planet Fitness (PLNT), however, dipped after the gym’s full-year sales and profit outlook missed estimates, suggesting a slower-than-expected consumer return to in-person workouts.

Investors this week have been appraising the extent of the growth slowdown that might be triggered by the latest resurgence in domestic and global coronavirus cases. According to a number of economists, the virus has already set off a measurable deceleration in U.S. consumer spending.

“In the last couple of weeks, we’ve started to see a little bit of pullback in some of the travel and entertainment-type categories, really with the most noticeable pullback in spending on airlines,” JPMorgan Chase senior economist Jesse Edgerton told Yahoo Finance on Monday, citing Chase credit card spending data. “It’s still a small decline compared to the absolute collapse essentially to zero that happened during the first COVID wave back in March and April of last year … Now that we’re at a higher level and people are starting to travel again to some extent, it looks like they’re pulling back more than they did when they were still at very low levels last year.”

Stock market data: Yahoo Finance

Stock market today August 4, 2021


Stock market today

A mixed close for the US stock market today. Only Nasdaq closed marginally higher while Dow Jones lost 323 points and S&P 500 lost 20 points. Small-cap stocks underperformed as Russell 2000 fell 1.23% The closing numbers for the US stock market today follow.

S&P 500: 4,402.66,-20.49(-0.46%)
Dow 30: 34,792.67,-323.73(-0.92%)
Nasdaq: 14,780.53,+19.24(+0.13%)
Russell 2000: 2,196.32,-27.26(-1.23%)

Stock market news

“Stocks fell below record levels Wednesday, with investors weighing concerns over the economic impact of the ongoing pandemic against optimism over rebounding corporate earnings.

The S&P 500 opened lower a day after the index reached a record closing high. The Dow also fell, while the Nasdaq was little changed.

Investors considered a much weaker-than-expected report on private payroll growth last month. ADP reported that private-sector employers added back just 330,000 jobs in July, or fewer than half the expected gain of 690,000, according to Bloomberg consensus data.

The print, while typically an imprecise indicator of the Labor Department’s monthly non-farm payrolls reports, was nonetheless an indication of a labor market still struggling to recoup all of its pandemic-era losses. Friday’s “official” July jobs report is still expected to reflect a pick-up in hiring and the return of more workers to the labor market last month, helping to alleviate some of the labor scarcities rampant across industries.

Meanwhile, corporate earnings results from major U.S. companies continue to track mostly strongly. Shares of ride-hailing company Lyft (LYFT) gained after the company unexpectedly delivered adjusted EBITDA profitability for the first time since going public in 2019, with a pick-up in ridership during the reopening helping to fuel results. Oil and gas company Occidental Petroleum (OXY) also posted a surprise adjusted profit as energy demand rebounded.

Estimates-topping results from these and a myriad of other major U.S. companies have helped buoy stocks even as jitters around the spread of the Delta variant and concerns around a regulatory crackdown in China lingered. Treasury markets, however, have reflected some of these concerns, with the benchmark 10-year yield back below 1.2% and holding at the lowest levels since mid-July.

“Certainly when it comes to the Delta variant, that has been a driver of rates moving lower. And certainly concerns around China have also been a headwind. We do think those are largely driven outside the U.S., so when it comes to domestic factors, domestic growth actually looks fairly solid,” Stephanie Roth, JPMorgan private bank senior markets economist, told Yahoo Finance. “We expect over the long run domestic factors should win out and rates should move higher.”

Stock market source: Yahoo Finance

Stock market today July 8, 2021


Stock market today

All major US stock indexes closed lower today, small-cap stocks underperformed.S&P 500 lost 37 points, Dow Jones lost 259 points and Nasdaq lost 105 points. The closing numbers for the US stock market today, July 8, 2021, follow.

S&P 500: 4,320.82,-37.31(-0.86%)
Dow 30: 34,421.93,-259.86(-0.75%)
Nasdaq: 14,559.79,-105.28(-0.72%)
Russell 2000: 2,231.68,-21.17(-0.94%)

Stock market news

“Stocks dipped on Thursday to give back gains after a record-setting session, with investors nervously eyeing signs that the economic recovery might get derailed.

The S&P 500, Dow and Nasdaq each pared losses after dropping by more than 1% at intraday lows. Thursday’s session marked the first time since June that the S&P 500 opened lower by more than 1%. A day earlier, the blue-chip index rose to a record closing high for the eighth time in the last nine sessions as concerns over a near-term monetary policy adjustment and sustainably high inflation abated.

The benchmark 10-year Treasury yield sank further to hover around 1.29%, with the dip in rates reflecting both easing inflation expectations but also uncertainty over the sustainability over the recovery. Concerns over the global recovery also increased after Japan proposed re-instituting a state of emergency ahead of the Tokyo Olympics due to recent COVID-19 surges.

“People have. some concerns about how the Delta variant is going to play out in the economy, and we don’t know what’s going to happen to the spending with consumers once unemployment benefits run out in the September time frame,” Julie Biel, Kayne Anderson Rudnick portfolio manager, told Yahoo Finance on Thursday. “I think there’s a lot of uncertainty, and how I would characterize this rally is, it is kind of a cynical rally, where people don’t necessarily feel as strongly about the economy, but they feel they have to stay invested. And so I think the fact that it is in this mindset means that it could pull back very quickly. So I would expect more volatility going forward.”

Recent data on the economic recovery has been mixed, with job openings rising to yet another record high in May and labor scarcities curbing the pace of the rebound across industries. Thursday’s jobless claims report showed new weekly filings unexpectedly increased, with the number of new filers and total claimants still highly elevated compared to pre-pandemic levels.”

Stock market data: Yahoo Finance

Stock market news July 2 2021


Stock market news

June jobs report: Economy adds back 850,000 payrolls, unemployment rate ticks up to 5.9%

“The U.S. economy added back jobs for a sixth straight month in June, with job growth picking up speed alongside the reopening economy.

The U.S. Labor Department released its June jobs report Friday morning at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

Change in non-farm payrolls: 850,000 vs. 720,000 expected and an upwardly revised 583,000 in May

Unemployment rate: 5.9% vs. 5.6% expected and 5.8% in May

Average hourly earnings, month-over-month: 0.3% vs. 0.3% expected and a downwardly revised 0.4% in May

Average hourly earnings, year-over-year: 3.6% vs. 3.6% expected and a downwardly revised 1.9% in May

Friday’s jobs report also came with revisions to the past two months’ payrolls figures. In April, non-farm payroll additions were revised down by 9,000 to 269,000, while May’s were revised up by 24,000 to 583,000.

The biggest payroll gains in June were again in the leisure and hospitality industries, which were the hardest hit in the earlier stages of the pandemic. These added back 343,000 jobs in June after a rise of 306,000 in May. However, the labor deficit across these industries — with leisure and hospitality still down by 2.4 million jobs compared to February 2020 levels — comprises the plurality of the nearly 6.8 million total jobs the economy still has left to recover from before the pandemic.

Other industries also saw strong job gains in June. In the services sector, retail trade added back 67,100 jobs, or more than double the May gain, and professional and business services job gains also doubled month-on-month to 72,000. In the goods-producing sector, manufacturing job growth slowed more than expected, with payrolls rising by 15,000 after a gain of 39,000 in May. Public-sector jobs soared in June, with government payrolls up by 188,000.

“In both public and private education, staffing fluctuations due to the pandemic, in part reflecting the return to in-person learning and other school-related activities, have distorted the normal seasonal buildup and layoff patterns, likely contributing to the job gains in June,” the Labor Department noted in its release on Friday.”

Stock market data: Yahoo Finance

Stock market today June 30, 2021


Stock market today

Stock market today June 30, 2021. A mixed close for the last day of Q1 for 2021 for the US stock market. S&P 500, Nasdaq, and Russell 2000 closed almost flat but Dow Jones outperformed. The closing numbers for the US stock market today follow.

S&P 500: 4,297.50,+5.70(+0.13%)
Dow 30: 34,502.51,+210.22(+0.61%)
Nasdaq: 14,503.95,-24.38(-0.17%)
Russell 2000: 2,310.55,+1.71(+0.07%)

Stock market news today

Stock market news, stocks today.

“Stocks were mixed on Wednesday, with the S&P 500 gaining for a fifth straight session to end the day at yet another record closing high. Traders considered stronger-than-expected prints on private payroll gains and pending home sales and looked ahead to more economic data out at the end of this week.

Wednesday’s session also marked the final day of trading for the month of June, the second quarter, and the first half of 2021. The S&P 500 closed out both the month of June and the first half of the year with sharp advances. The blue-chip index increased more than 2% in June for a fifth straight monthly advance, and has increased by about 14.4% for the first half of 2021.

The Nasdaq gained more than 5% in June and has increased 12.5% for the year to date. The Dow ended June little changed, underperforming against the other two major indexes as traders rotated back into technology and growth stocks. The index has still held onto a 12.7% advance for the year-to-date, however.

In the S&P 500, the information technology, real estate and communication services sectors came in as the top-performers for the April through June quarter, and only the utilities sector ended the quarter lower.

Other asset classes have posted more mixed performances. The 10-year Treasury yield hit a year-to-date peak of 1.77% in March but ended the quarter yielding just under 1.5%. West Texas intermediate crude oil has increased more than 20% in the second quarter, with the rebound in energy prices coinciding with a pick-up in energy demand and fast-improving travel trends. Cryptocurrencies, however, have had a tougher second quarter, and Bitcoin has tumbled from around $59,000 at the end of March to around $35,000 as of Wednesday, albeit while still being up significantly over a multi-year horizon.

“One of the big calls we’ve made is, stocks will outperform bonds, and that’s one of the big ways we’re constructing our portfolios,” Ryan Detrick, LPL Financial chief market strategist, told Yahoo Finance. “We still think that’s the play, that stocks will probably do better than bonds the second half of this year as the economy continues to improve, open up, and it’ll be led by those earnings which will justify pretty pricey multiples.”

Stock market data: Yahoo Finance