Monday, 8 August 2022: US equity markets a little weaker on Friday (5 August) after a solid July jobs report
Aug 7, 2022 ·
7m 42s
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Description
US equity markets a little weaker on Friday (5 August) after a solid July jobs report undermined recent optimism that the Federal Reserve might let up its aggressive campaign to...
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US equity markets a little weaker on Friday (5 August) after a solid July jobs report undermined recent optimism that the Federal Reserve might let up its aggressive campaign to reign in decades-high inflation - Dow added +77-points or +0.23%, JPMorgan Chase & Co (up +3.03%) and Goldman Sachs Group Inc (+0.84%) The broader S&P500 slipped -0.16%, with Consumer Discretionary (down -1.66%) leading six of the eleven primary sectors lower. Energy (up +2.04%) returned to the top of primary sector leaderboard. Tesla Inc fell -6.63%, with shareholders at last Thursday’s (4 August) Annual General Meeting (AGM) approving a proposal expected to lead to a 3-for-1 stock split and sided with the company on most of the proposals up for a vote. The Nasdaq fell -0.5%. Meta Platforms Inc fell -2.03% and Amazon.com Inc -1.25%. The small capitalisation Russell 2000 rose +0.81%. Carvana Co soared +40.07% following the used car group’s second quarter result after the close of last Friday’s (5 August) session.
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Author | Morgans Financial Limited |
Organization | Morgans Financial Limited |
Website | - |
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