September 7-10, 2021 Recap
Stock Indexes End Lower
All three major U.S. equity indexes posted their largest weekly declines since around mid-June as investors trimmed profits amid the latest economic and market outlooks. Following the weakest jobs report in seven months the week prior, Wall Street learned that August wholesale prices rose the most since 2010. Market volatility has ratcheted higher as the spread of the Delta COVID-19 variant has again undermined growth prospects along with worsened global supply disruptions even as the Fed reaffirmed its accommodative stance.
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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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