What’s Happening This Week?
About this Week.
The US stock market has grown this week as worries fade. This week was so good that it became the best week of the year. The country’s economy showing economy down but people are feeling positive and more cheerful when the market gives a good response. Everyone’s eyes are on next week’s Jackson Hole, especially investors they see a ray of hope here.
Stocks This week
S&P 500 and Nasdaq
S&P 500 and Nasdaq both earned seven consecutive days. Both stock indexes had a magnificent week.
Stock Indexes Up:
The Dow Jones is up by 0.27%.
The S&P 500 has risen by 0.21%.
The Nasdaq is up by 0.25%.
Economy’s downfall how is this happening?
Investors and people were worried about the recession and economic slowdown because there was a possibility of a big recession. But now almost fearless. The economy is helping all those who are worrying about it.
As per experts this week’s reports show some good and all are looking positive. The rate of inflation is coming down. Which means everything is under control.
Feeling about finances and the economy of people are better than expected. Personal Finances and the economy improved more than expected as per some reports showing positive results.
Looking Ahead: What’s Next?
Jackson Hole and Wyoming hold a meeting next week, where the Federal Reserve and other central banks will speak. The whole economy depends on this meeting because the meeting gives us clues about future changes in interest rates.
Plans of Federal Reserve Bank.
Interest rates soon might be lowered by the Federal Reserve Bank as per experts. economy lower rates might help Borrowing cheaper. There is a 75% possibility that the Federal Bank may reduce borrowing rates a little more when in a meeting in September.
Stock Market This Week.
Applied Materials
Computer chip equipment made by this company. The company’s stock went down by 1.7% because they didn’t make as much money.
Amcor
4.9 % Stock drop of Amcor, Amcor makes packaging materials, and its stock fell because of its lower sales.
Details as per Market Trends
Rising and falling stocks
New York Stock Exchange (NYSE)
Stocks are rising up and then falling. There are as many stocks going up compared to those going down. The same in NASDAQ, there are more stocks going up and then down too.
S&P 500
12 new stocks in the S&P 500 reach their highest prices in a year. Whereas 57 stocks reached new highs on the Nasdaq, and 73 stocks fell to their lowest.
In Summary
From the stock market point of view, this week has been very positive. Investors and traders are very hopeful because the danger of economic slowdown is fading. The stock market seeing its best week after a long time the reason behind this is people spending money and meeting next week.
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Hello, My name is Gurvinder Singh, born in Punjab, India, completed my Bachelor of Commerce (B.Com) degree from Panjab University. Apart from my professional pursuits, I had a keen interest in finance-related hobbies. I actively manages my investment portfolio, carefully researching and analyzing various stocks and market trends to make informed financial decisions. With a goal of financial empowerment and wealth accumulation, I dedicated to continuous learning and improvement in my financial endeavors.
