Market ends higher to shake off losses within the week; S&P wraps with 1st weekly loss in 3 weeks

The week ends with indexes fighting off prior sessions' losses, with all three benchmark equities wrapping higher.
CENTRAL, Hong Kong - Aug. 31, 2021 - PRLog -- The monetary policy's upcoming change plus with the economic data and newest batch of earnings report are being digested by the traders.

A couple of market concerns had popped up grabbing the attention of investors, such as the coronavirus Delta variant continuing its rampage and increasing infection count, and the Federal Reserve's minutes suggesting a possibly sooner than expected tapering for the asset purchase program setting.

On the other hand, jobless claims fell to a pandemic-era low which indicates a strong movement for the recovery of the labor market.

On corporate earnings news, most companies that posted earnings report came in strong, although many of them have also highlighted constrains on supply chain plus increase in input price. Such settings are unavoidable due to recovery underway while the delta variant continues to rampage even with vaccines being rolled out.

Kindly refer to the list below summarized this Aug. 20, 2021:
  • NASDAQ Composite Index gained by 1.19% or 172.88 points and wrapped at 14,714.66.
  • The S&P 500 Index went up by 0.81% or 35.87 points closing at 4,441.67.
  • The Dow Jones Industrial Average moved higher with 0.65% or 225.96-point gain, to end at 35,120.08.
  • U.S. 2 Year Treasury yield increased by 0.0020 basis points to 02300.
  • U.S. 10 Year Treasury yield went up by 0.0140 basis points closing 1.2720.
Precious Minerals and crude are all down dipping a few losing gains from previous sessions. Global Currency exchanges on the other side ended up mixed.

See below data for reference:
  • Gold moved up by $6.112 or 0.34% and is now at $1,787.312 per ounce.
  • Silver increased by $0.176 or 0.76% to $23.208 an ounce.
  • Western Texas Intermediate Crude is currently at $63.20 a barrel gaining 1.71%.
  • Brent Crude closed at $66.34 per barrel after increasing by 1.78%.
  • Euro / USD = +0.00230 (0.20%) = 1.17179
  • USD / Yen = +0.143 (0.13%) = 109.883
  • USD / CAD = -0.00485 (0.38%) = 1.27715.
Crypto Currency market remains unstable and fast moving as Bitcoin (BTC) dominance keeps dragging Alt coins sideways. But most alt coins are now bullish posting most of their price at-the-high.

Want to know more of the latest news in US Stock Market and Crypto Currency kindly visit us at Prime Bright Investment Limited through our website or contact us via email.

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