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Stock market news: US dollar down, markets up, waiting for NFPs

Market indices: All 4 indices rose last week, supported by a weaker and rising energy price. The rebounded strongly and increased by 5%, while the 2.8% increased.

Volatility: The price fell 11.7% last week and ended at $ 16.39 on Friday.

High dividend stocks: These high dividend stocks are going ex-dividend this week: AGNC Investment Corp (NASDAQ :), Compass Diversified Holdings (NYSE :), Ellington Financial LLC (NYSE :), EPR Properties (NYSE :), Stellus Capital Investment (NYSE 🙂 , Triplepoint Venture Growth BDC Corp (NYSE 🙂 and Spark Energy Inc (NASDAQ :).

Market breadth: 18 stocks out of 30 were up last week compared to 11 the week before last. 72% of the increase from 34% the previous week.

FOREX: The US dollar fell against other major currencies except the.

USD Weekly Benefit

“The dollar slid on Friday after the market felt reluctant to deliver a highly anticipated speech by Federal Reserve Chairman Jerome Powell, despite admitting he would cut massive economic support from the Federal Reserve until the end of the year. Powell said there has been significant progress towards maximum employment and believes that if the US economy performs broadly as expected, “it may be appropriate to slow down the pace of asset purchases this year kick off”. (Reuters)

Business news

“Global equity markets fell on Thursday as US Treasury bond yields fell after hitting two-week highs after two restrictive Federal Reserve officials urged the Federal Reserve to end its bond-buying program.

“Prior to a speech by Fed Chairman Jerome, Dallas Fed President Robert Kaplan said he still believed the Fed would announce a plan for a throttling in September, starting in October or shortly thereafter. Earlier, St. Louis Fed President James Bullard said the Fed was “amalgamating” around a plan to reduce monthly bond purchases by $ 120 billion. Following Kaplan and Bullard’s comments, benchmark government bond yields hit their highest level since August 12, before falling to 1.3491% after the US markets closed. “(Reuters)

“US consumer spending slowed in July as a decline in car purchases due to shortages offset an increase in service spending, supporting the belief that economic growth will pick up in the third quarter amid a resurgence of COVID-19 infections will weaken. The slowdown in spending is unlikely to be as severe as currently expected, however, as Friday’s Department of Commerce report shows Americans are increasing their savings. Inflation also seems to have peaked, which could keep households’ purchasing power.

Consumer spending, which accounts for more than two-thirds of the US economy, rose 0.3% last month. June data has been revised up to show spending 1.1% up from the 1.0% previously reported. Demand is turning back to services such as travel and leisure, but spending has not been enough to offset the decline in goods, whose purchases are also affected by scarcity.

Goods spend fell 1.1% last month, led by automobiles. A global shortage of semiconductors is hindering auto production. Spending on leisure items, as well as clothing and shoes, also fell. “(Reuters)

“The US gained for the second month in a row in July as inventories improved moderately while prices fell from the record levels of the previous month. Existing home sales rose 2.0% last month from the revised upward pace in June to a seasonally adjusted annual rate of 5.99 million units, the National Association of Realtors said on Monday.

“Sales remained unchanged in the Northeast, but increased in the Midwest, South, and West. Home sales, which make up the bulk of US home sales, rose 1.5% year over year. The median retail price fell to $ 359,900 from a record high in June, but was still 17.8% higher than last year. The rise in the sales rate suggests that the decline in sales this year may have started from last year’s 14-year high. “(Reuters)

“The US Food and Drug Administration granted full approval to the Pfizer / BioNTech Covid-19 vaccine for people aged 16 and over on Monday. This is the first FDA-approved coronavirus vaccine and is expected to open the door to more vaccine mandates.

“The vaccine is known as the Pfizer-BioNTech COVID-19 vaccine and is now marketed as Comirnaty for the prevention of COVID-19 disease in people aged 16 and older,” the FDA said on Monday. “The vaccine will continue to be available under the Emergency Authorization (EUA), including for people aged 12 to 15 and for giving a third dose to certain immunocompromised people,” said the FDA. (CNN)

“Business in the euro zone has grown strongly this month and has only slowed from the high monthly pace of two decades in July as a quick COVID-19 vaccination campaign allowed more companies to reopen and customers to venture into the market, as a survey showed. “(Reuters)

Economic calendar

Highlights of the week

The August report is due to appear on Friday.

“A rally in which US stocks doubled from post-pandemic lows is about to enter the worst month of the year for stocks as investors focus on a nationwide COVID-19 resurgence and how fast that Federal Reserve plans to withdraw its easy money policy. ” September was the worst month of the year for the, with the benchmark index falling an average of 0.56% since 1945. The S&P was up 45% in September, the lowest of any month. “(Reuters)

This week’s US economic reports

This week's US economic reportsThis week’s US economic reports

Sectors: led the week with the sector lagging.

Sectors Weekly PerformanceSectors Weekly Performance

Futures: Crude oil rose 10.6% to end at $ 68.67.

Futures Weekly PerformanceFutures Weekly Performance

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