Weekly: the indexes suffered big losses. Could inflation data help Wall Street regain its footing?
@TigerObserver:
Last Week's RecapThe US Market - All three major U.S. Indexes suffered big lossesAll three major U.S. Indexes struggled last week after a Fitch downgrade weighed on investor sentiment and spurred a sell-off. Investors braced for more possible downside surprises after disappointing earnings from Apple.The S&P 500 and the Nasdaq ended the week down by more than 2% each, notched their worst weeks since March, while the Dow fell more than 1%.The 10-year Treasury yield has raised in recent sessions had pressured risk assets. It fell back on Friday, still closing at a multimonth high of 4.04%.Investors also received more clues into the state of the labor market with Friday’s payrolls report. The data showed 187,000 jobs added in July, less than the 200,000 expected by economists polled by Do