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It was the fourth straight day of gains for all three indexes.


It was the fourth straight day of gains for all three indexes. The business cycle depicts the increase and decrease in production output of goods and services in an economy. Meanwhile, top economist Mohamed El-Erian thinks US stocks are poised to outperform global peers and navigate market headwinds.

stock market news today

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Dow Sinks On The Back Of Junes Hot Inflation Report

However, volume was lighter than usual as markets in mainland China, Hong Kong, and South Korea were closed for holidays. Travel-related stocks in Japan were boosted by reports that the country could ease restrictions on overseas visitors, while the continued stabilization in the yen also helped boost Japanese equities. However, caution likely reigned ahead this week’s key U.S. inflation reports as the markets look to see if the Central Bank will remain aggressive. In economic news, China reported that its aggregate financing—a measure of total credit issued—jumped much more than expected in August, while its new yuan loans came in below expectations. Just as the markets were closing, Japan reported that its preliminary machine tool orders for August accelerated solidly. Interest rates move up, continuing the adjustment to the Fed’s latest commentary – Rates were higher on Tuesday, with the 10-year Treasury yield back above 3.3% and the 2-year yield hitting 3.5%.

stock market news today

On Monday, the tech-heavy index closed at 11,535.27, which is also about seventeen per cent above its pre-pandemic peak of 9,817.18, which came on February 19, 2020. As we’ve mentioned in this space more than once recently, markets are likely to stay volatile for the time being. In addition to three more Fed meetings this year, midterm elections are right around the corner. Therefore, it’s a safe assumption that many investors are taking a more defensive stance with their portfolios, leaning toward sectors like healthcare or utilities that tend to hold up better than others during times of uncertainty. By the close, the Nasdaq Composite was up 1.3% at 12,266, the S&P 500 Index gained 1.1% to 4,110, and the Dow Jones Industrial Average added 0.7% to 32,381.

Markets & Sectors

All reported margins of sampling error include computed design effects for weighting. — Gallup finds 58% of Americans reporting that they own stock, based on its April Economy and Personal Finance survey. This is slightly higher than the 56% measured in 2021 and 55% measured in 2020 but is not a statistically meaningful increase.

  • Now, distributors are struggling to meet rising demand.
  • Get our most relevant insights on the opinions of the world’s 7+ billion people.
  • Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.
  • Defensive areas led today, with the utility and health care sectors outperforming, signaling a slightly cautious tone.
  • What drives economic growth is spending and hiring, which have both held up pretty well despite a dramatic surge in inflation that has led to a fall in real wages.

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