Briefings

Week InReview: August 9, 2024

US stocks are bouncing back.

Stocks rebound | US stocks had their best day since 2022. Equities staged a solid rebound, and bonds fell after the latest US labor market reading, which helped ease fears about a more pronounced slowdown in the world's largest economy. All major groups in the S&P 500 advanced, as data showed US initial jobless claims tumbled the most in nearly a year. As economic angst subsided, Treasuries dropped across the curve — with the selloff led by shorter maturities.

Read entire Week InReview: August 9, 2024
© 2014-2024 by Association of Institutional INVESTORS. All visual media by Association of Institutional INVESTORS and/or its media providers. All Rights Reserved.