August Market Wrap: Lots Of Negative Headlines But Stocks Still End Month Higher – Investing.com India
- Date: 04-Sep-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Gulf
August Market Wrap: Lots Of Negative Headlines But Stocks Still End Month Higher – Investing.com India
Stocks ended August solidly—if not spectacularly—higher despite hugely negative headlines.
These, of course, included the United States withdrawal from Afghanistan, global worries about the spread of the Delta variant of COVID-19, and a major hurricane battering New Orleans and southeast Louisiana.
If you're ahead on the month, thank Federal Reserve Chairman Jerome Powell. Last week, he said the central bank will start to wind down its stimulus efforts—but slowly. The odds, in fact, are there won't be an interest rate hike in the United States until perhaps late in 2022 or early 2023.
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