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.
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:
See below data for reference:
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