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Strength of the Market
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The Strength of the Market is: Strong

hyggeadvisors
Sep 8
1 min read

The Strength of the Market is: Strong

 

Stocks were mostly flat, last week - the Dow Jones was slightly down, the Nasdaq was slightly up and the S&P 500 was mainly flat. The latest jobs numbers, released on Friday, were much stronger than Wall Street expectations, the economy gained 162,000 jobs last month, compared to an expected 53,000. With that, the unemployment rate held steady at 4.1%. US Treasury yields rose with updated expectations that the Federal Reserve will increase interest rates later this month (September 16).

  

Economic reports from last week came back mixed:

•Manufacturing (Dallas) - higher than expectation

•Construction Spending - higher than expectation

•Job Openings - lower than expectation

•Vehicle Sales - higher than expectation

•Employment (Private) - lower than expectation

•Employment (Total) - higher than expectation

•Labor Productivity - in-line with expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like Small Business Optimism, Consumer Credit, Inflation, Housing, Consumer Sentiment and Jobless Claims.

 
 
 

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