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2021-08-20
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S&P 500 opens flat with stocks set for a losing week
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The Dow Jones Industrial Average shed about 14 points. The Nasdaq Composite traded up 0.2%.</p>\n<p>All three major stock indexes are on track to close the week lower.</p>\n<p>Snowflake fell over 5% in morning trading.<img src=\"https://static.tigerbbs.com/5775b8d834cd76ee72aea9347d198e9e\" tg-width=\"1084\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p>\n<p>Some China concepts stocks rally in morning trading.<img src=\"https://static.tigerbbs.com/a49abcca35cc04c256cd8405c1b32847\" tg-width=\"279\" tg-height=\"641\" referrerpolicy=\"no-referrer\">Minutes from the Fed’s July meetingreleased this weekshowed the central bank is willing to start reducing its monthly asset purchases this year. 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Tesla shares are off 6% this week as investors worry about slowing growth in one of its key markets China.</p>\n<p>The S&P 500 snapped a two-day losing streak in Thursday’s regular trading session while the Dow ended its third-straight day in red.</p>\n<p>After volatile trading, the S&P 500 closed 0.1% higher. The Nasdaq Composite added 0.1%. 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The Dow Jones Industrial Average shed about 14 points. The Nasdaq Composite traded up 0.2%.</p>\n<p>All three major stock indexes are on track to close the week lower.</p>\n<p>Snowflake fell over 5% in morning trading.<img src=\"https://static.tigerbbs.com/5775b8d834cd76ee72aea9347d198e9e\" tg-width=\"1084\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p>\n<p>Some China concepts stocks rally in morning trading.<img src=\"https://static.tigerbbs.com/a49abcca35cc04c256cd8405c1b32847\" tg-width=\"279\" tg-height=\"641\" referrerpolicy=\"no-referrer\">Minutes from the Fed’s July meetingreleased this weekshowed the central bank is willing to start reducing its monthly asset purchases this year. Investors sold equities and commodities this week and bought bonds on fears the move by the Fed may upend a global economy already under stress by the delta variant.</p>\n<p>This week, WTI crude oil has tumbled roughly 8% and copper has lost about 7% on the fears, taking energy and materials stocks with them. The 10-year Treasury yield was at 1.237% on Friday morning, down from 1.78% in late March.</p>\n<p>“With Fed tapering coming while delta variant keeps spreading, the transition away from liquidity/policy regime to more mid-cycle markets means we may experience a bumpier ride ahead,” Barclays equity strategists said in a note. “Market narrative may thus turn more cautious, as concerns about peaking growth rates, Delta variant and policy mistake may prove headwinds, at a time where seasonality and technicals are unfavourable.”</p>\n<p>Tesla shares gained after Elon Musk’s electric car maker had an AI day, where itunveiled a new custom chipandplans to build a humanoid robot. Tesla shares are off 6% this week as investors worry about slowing growth in one of its key markets China.</p>\n<p>The S&P 500 snapped a two-day losing streak in Thursday’s regular trading session while the Dow ended its third-straight day in red.</p>\n<p>After volatile trading, the S&P 500 closed 0.1% higher. The Nasdaq Composite added 0.1%. The Dow bucked the trend and shed 66.57 points.</p>\n<p>“Against a backdrop of thin liquidity as investors take summer vacations, minor stock market corrections are to be expected in a market that is pricing in peak earnings, extended price-to-earnings ratios and elevated economic growth expectations,” Richard Saperstein, chief investment officer at Treasury Partners, said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168282056","content_text":"(Aug 20) The S&P 500 was flat Friday as the markets close out a losing week driven by fears of the Federal Reserve pulling back its stimulus.\nThe broad index traded near the flatline. The Dow Jones Industrial Average shed about 14 points. The Nasdaq Composite traded up 0.2%.\nAll three major stock indexes are on track to close the week lower.\nSnowflake fell over 5% in morning trading.\nSome China concepts stocks rally in morning trading.Minutes from the Fed’s July meetingreleased this weekshowed the central bank is willing to start reducing its monthly asset purchases this year. Investors sold equities and commodities this week and bought bonds on fears the move by the Fed may upend a global economy already under stress by the delta variant.\nThis week, WTI crude oil has tumbled roughly 8% and copper has lost about 7% on the fears, taking energy and materials stocks with them. The 10-year Treasury yield was at 1.237% on Friday morning, down from 1.78% in late March.\n“With Fed tapering coming while delta variant keeps spreading, the transition away from liquidity/policy regime to more mid-cycle markets means we may experience a bumpier ride ahead,” Barclays equity strategists said in a note. “Market narrative may thus turn more cautious, as concerns about peaking growth rates, Delta variant and policy mistake may prove headwinds, at a time where seasonality and technicals are unfavourable.”\nTesla shares gained after Elon Musk’s electric car maker had an AI day, where itunveiled a new custom chipandplans to build a humanoid robot. Tesla shares are off 6% this week as investors worry about slowing growth in one of its key markets China.\nThe S&P 500 snapped a two-day losing streak in Thursday’s regular trading session while the Dow ended its third-straight day in red.\nAfter volatile trading, the S&P 500 closed 0.1% higher. The Nasdaq Composite added 0.1%. The Dow bucked the trend and shed 66.57 points.\n“Against a backdrop of thin liquidity as investors take summer vacations, minor stock market corrections are to be expected in a market that is pricing in peak earnings, extended price-to-earnings ratios and elevated economic growth expectations,” Richard Saperstein, chief investment officer at Treasury Partners, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":18,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/836126183"}
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