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kafa88
07 Sep 2021 - 04:44:01
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U.S. stock futures opened slightly higher on Monday night after the Dow fell from a record high on Friday ahead of the three-day Labor Day weekend.The Dow Jones Industrial Average futures were up 82 points, or 0.23%, and the S&P 500 and Nasdaq 100 futures were up 0.21% and 0.31%, respectively.In regular trading on Friday, the Dow fell 74.73 points, or 0.21%,

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while the S&P 500 was down slightly by 0.03%. The tech-focused Nasdaq was up 0.21%, supporting the broader market.The losses came after August's employment report was not as expected. It underscored the ongoing concerns about the spread of Covid and the Delta variant. The Ministry of Labor reported that Non-farm payrolls increased by 235,000 in August. But economists polled by Dow Jones estimated 720,000 jobs.

Ryan Detrick, chief market strategist at LPL Financial, said there could be a strong job recovery. However, the August jobs report has the potential to weaken the Fed's timeline. which is expected to start this year
Fed Chairman Powell has made it clear that the labor market will serve as a telltale about when to begin curtailing asset purchases,” he said. that the labor market is under some short-term pressure And while

these pressures are likely to dissipate, the Fed may err on the side of caution to avoid premature action.”
one week in september All important mean increases. So far, the Dow is up 15.5%, the S&P is up 20.7% and the Nasdaq Composite is up 19.2%, although investors and analysts are still on the lookout for a big correction in September.Admittedly, indifferent investors have not felt the pain,

Bank of America said in a note on Friday, adding that “2021 will be another year for the [S&P 500] to collapse, but there are some signs that it may come. Time to start getting more 'picked' when it comes to stocks.No economic data is due on Tuesday. Later that week, Mary Daly, president of the Federal Reserve Bank of San Francisco. Chaired a meeting organized by the Brookings Institute.

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