Stock Indexes Mixed Two of the three major U.S. equity indexes finished higher last week with the NASDAQ gaining the most. The big news from the week came Friday morning as many investors were thinking about the extended Labor Day weekend. Employment gains for last month came in significantly less than forecasted. The bad news could be good news in the sense that it could cause the Federal Reserve to consider delaying its tapering of bond purchases. At least this is the hopes of some investors. Both bond and equity markets were relatively flat on the news. The Fed meets later this month and until then investors will be looking for clues to what they might say in that meeting. Meanwhile, a slow-down in manufacturing and the Delta variant are weighing on their minds.
For more insights, download our full recap.
The Monthly 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.
Want more insights like this, sent straight to your inbox?
Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.