Us Stocks, Wall St, Nyse, S&P, Nasdaq, Covıd-19, Dow Jones, Delta Variant, Us Stocks Edge Down On Virus Woes, Slowing Economy | Abs-Cbn News

Us Stocks, Wall St

US stocks edge down on virus woes, slowing economy

US stocks edge down on virus woes, slowing economy

8/3/2021 5:25:00 AM

US stocks edge down on virus woes, slowing economy

The S&P 500 Index closed slightly lower on Monday after erasing early gains as worries about the Delta variant of the coronavirus and a slowing US economy overshadowed optimism around more fiscal stimulus and a strong second-quarter earnings season.

Federal Reserve Governor Christopher Waller said on CNBC late in the session that the Fed could start to reduce its support for the economy by October if the next two monthly jobs reports each show employment rising by 800,000 to 1 million, as he expects. 

SHINee's Key pays homage to retro in 'BAD LOVE' music video Alden Richards bags 'Movie Actor of the Year' award at the 36th PMPC Star Awards for Movies Kathryn Bernardo, Daniel Padilla to star in 'Too Good to be True'

He also suggested the Fed could announce in September it would start to reduce its monthly bond purchases, which could lift yields again - not the best news for the stock market. Data earlier in the day showed that although US manufacturing grew in July, its pace slowed for a second straight month as spending rotated back to services from goods, and shortages of raw materials persisted. 

The softer-than-expected data also sent US bond yields to their lowest since July 20 and knocked the blue-chip Dow off an intra-day record high hit in early trading. “An issue for the market... is the rise of the growth scare", said Rob Haworth, senior investment strategist at US Bank, "Whether it's more restrictions in China with infections rising in 14 provinces now, or questions about how far is the US going to have to go with mask mandates.” headtopics.com

Only four of the 11 S&P sectors traded higher by market close, among them utilities and real estate generally considered safe bets at a time of uncertainty.The Dow Jones Industrial Average fell 97.31 points, or 0.28 percent, to 34,838.16, the S&P 500 lost 8.1 points, or 0.18 percent, to 4,387.16 and the Nasdaq Composite added 8.39 points, or 0.06 percent, to 14,681.07. Square Inc, the payments firm of Twitter Inc co-founder Jack Dorsey, jumped after it said it would purchase Australian buy now, pay later pioneer Afterpay Ltd for $29 billion. 

With manufacturing activity data coming in weaker than expected, investor focus now turns to services sector data on Wednesday and the Labor Department's monthly jobs report on Friday.After mixed quarterly reports from technology behemoths last week, all eyes this week are on earnings from companies including Eli Lilly and Co, CVS Health Corp and General Motors Co.

Volume on US exchanges was 8.80 billion shares, compared with the 9.77 billion average for the full session over the last 20 trading days. Declining issues outnumbered advancing ones on the NYSE by a 1.07-to-1 ratio; on Nasdaq, a 1.05-to-1 ratio favored advancers.

The S&P 500 posted 76 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 98 new highs and 67 new lows.RELATED VIDEO Read more: ABS-CBN News Channel »

WATCH: Gordon gets emotional as senators express support amid pandemic probe

Senate Minority Leader Franklin Drilon and fellow opposition senators Kiko Pangilinan and Risa Hontiveros thank their colleague for leading the probe into the alleged anomalous pandemic deals

‘Don’t forget us’: Duterte thanks US President Biden for COVID-19 vaccinesIn a rare instance, President Duterte was friendly to the United States, which he once spurned for China, and asked the global superpower not to forget the Philippines, a treaty ally. VFA - Vaccines for Agreement hahaha wala Mang Kanor dun ka humingi ng Sinovac Ahahhahaha kakain din pala ng isinuka nya 😝

Duterte to US State Dept: Be careful, you are also guilty of human rights violationsPresident Rodrigo Duterte tells the U.S. Department of State to be careful on what it is planning to do, following a call from some American senators to address alleged human rights abuses in the Philippines. Pag US GANYAN ANG kudaan pero pag China tiklop? whatabouttism hahaha uso sa mindanao That's like the pot calling the kettle a black hole burned to a radioactive crisp. The US griping about human rights... Chuckle.

'US vaccine aid may have boosted VFA retention,' says RoqueThere is a “good possibility” that the United States’ donation of the coronavirus vaccines was one of the reasons why President Duterte recalled his order to terminate the Visiting Forces Agreement (VFA), Presidential spokesman Harry Roque said. Most likely. And he did it for the welfare of the Filipinos. Exhibit A: Eto yong, pag galit ka count 1 to 100 or to 1000. Bago mag salita....

The World Between Us: Ang pagsisimula ng lihim na pag-iibigan nina Louie at LiaPaunti-unti ay natatanggap na nina Louie at Lia ang kanilang nararamdaman para sa isa't isa. Panoorin ang ikatlong linggo ng 'The World Between Us' dito. Kaabang Abang ang Next episode ng TWBU ,sana Lunes na. TheWorldBetweenUs AldenRichards aldenrichards02 jascurtissmith Dapat isang tabi mu na yang feelings tas mag-aral tas prove of what you are in the future… learn to obey your parents…. Hwag mag-madali di pa ninyo kaya… Dapat talaga sa mga anak ay intindihin at wag pagbawalan just guide them Para di gumawa ng mali TheWorldBetweenUs ALDENRichards aldenrichards02

Fauci predicts US will not return to lockdowns despite Delta variant risksAnthony Fauci warns that 'things are going to get worse' as the Delta variant continues to spread. Don't let this headline alarm you. He did state that the vast majority of the people getting infected by this surge from the Delta variant are from unvaccinated people, and that he's urging those from there to get their respective shots as soon as possible. Promote it on nishu_bansal545

QC’s Belmonte ‘extremely flattered’ by resemblance to US swimmerMANILA, Philippines — Quezon City Mayor Joy Belmonte on Sunday said she was “extremely flattered” after several netizens pointed out her resemblance with US swimmer Erica JEMendozaINQ I don’t see it JEMendozaINQ Meron naman perness.. wag lang magsasalita si Mayora JEMendozaINQ Ang cute mo Mayora!!