THE SCOOP ON THE WEEK AHEAD 8/12 – 8/17
Elon Musk is interviewing President Trump; Representative Ilhan Omar may be the next member of the Squad to fall; and Wall Street awaits some critical economic data.
Elon Musk is interviewing President Trump; Representative Ilhan Omar may be the next member of the Squad to fall; and Wall Street awaits some critical economic data.
Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.
President Trump takes question from reporters while Kamala Harris dodges them; new bodycam footage is released of the Trump assassination attempt; Wall Street is starting to rebound after much turbulence earlier in the week.
Wall Street somewhat rebounded from a disaster on Tuesday, as main stock indexes grew over 1%. Investors searched for bargains after a global stock selloff and panic of a possible recession occurred on Monday.
Wall Street’s main indexes plummeted on Monday, as fears are continuing to grow that the United States is going into a recession following last week’s economic numbers ripping through global markets.
U.S. job growth slowed more than expected in July, with the unemployment rate increasing 4.3%, leading to fears that the labor market is faltering and the economy is heading for a possible recession.
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Wall Street’s main indexes fell on Friday, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike’s shares to an over two-month low.
The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street’s winning streak.
Wall Street’s main indexes were mixed on Wednesday, with technology stocks attempting to find a floor after recent selloff.