U.S. markets up again
Even as tensions between the U.S. and China continue to rise and as the delta variant gains more attention in the U.S. – the U.S stock market go up. Investors also appear to shrug off inflation worries too. The Dow, S&P 500 and Nasdaq all notched up new highs, yet again!
Earnings are the main focus at the moment and retail investors buy high
- The Dow climbed nearly 83 points to close at a record of: 351441
- The S&P 500 rose 10.50 points to finish at a record of: 4422
- The Nasdaq gained nearly 4 points to close at a record high of: 14841
The earnings season continues to surprise to the upside, as most companies are reporting better than expected results, thus far. This week some 170 S&P 500 companies are due to report.
Fed meet
The Fed are due to conclude their meeting on Wednesday and economists are expecting more detail about tapering plans. But investors may not get a clear signal about this decision.
For the moment, U.S. stocks continue to rise and claim new highs. After the earnings reporting is complete, U.S. stocks may take a breather, especially as the relationship between the U.S and China continues to cast a darker shadow.
Asia stocks
China and Hong Kong stocks lost ground Monday and remained under pressure Tuesday. On Monday alone the the Hang Seng, for instance, lost 4% and a further 2.4% on Tuesday – as U.S. markets went up.
U.S. stocks are sitting high, especially big tech.
The free money flow will slow – economic support can’t go on forever… can it?