September 28, 2021

S&P 500 set to start August higher after six straight monthly gains


U.S. stock futures gained ground ahead of the first trading day of August after the S&P 500 logged its sixth straight monthly gain in July. While dropping Friday and last week, the S&P 500 and the Dow headed into the new month within 1% of their latest record high closes set last Monday. The Nasdaq, which also fell Friday and last week, remained just over 1% shy of last Monday’s record close. (CNBC)

Volatility in financial markets has recently increased as Covid cases in the U.S. spiked due to the delta variant. The 10-year Treasury yield was steady Monday, around 1.23%. The yield, which moves inversely to price, hit a 5½-month low of nearly 1.13% last month. (CNBC)

In the week ahead, three reports looking at the health of the labor market kicks off Wednesday with the ADP’s July private-sector jobs report. The government’s weekly look at initial jobless claims and July…

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