Stock Market Weekly update -Aug 30
We rallied up a bit in the indexes after the prior week’s pullback, though the Small-caps , along with the Semis, pulled back for a 2nd week. CRM popped on earnings, while NVDA popped for one day then gave most of it back. Gold , Oil , and Bitcoin also pulled back. Inflation continues to trend higher as indicated by the PCE report. We could see a quiet week ahead maybe. S&P 500 falls Friday after Fed’s Warsh highlights inflation worries, but index posts positive week Fed Chair Warsh signals interest rate hikes are on the table if inflation does not retreat The week ahead: Jobs report, 8th week of Earnings: AVGO .. Schwab Weekly Trader's Outlook Edward Jones recap The 10 year Interest rate - down a bit to 4.72% The Dollar - up a bit to 99.68 Gold - dropped to $4453 Oil - dropped to $83.45 Bitcoin - mostly flat at around 78k National debt Also here - crossed the $40T level! New all time Highs : FROG, MP...