
Pre-Market Pulse 2nd August – Equities Edge Lower as US Credit Rating Downgraded
The S&P500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies’ earnings reports later this week.

The S&P500 and Nasdaq closed weaker on Tuesday, the first day of seasonally slow August, ahead of U.S. jobs data and major companies’ earnings reports later this week.

Equities closed higher Monday to wrap up a fifth-straight positive month for July after shrugging off a dip in health care as energy stocks racked up gains.

US equities rallied as US Core PCE, the Feds preferred inflation measure fell, sparking further optimism from investors of a “Goldilocks” soft landing

The Dow snapped a 13-day win streak Thursday as rally in Meta was offset by weakness in financials and airline stocks amid underwhelming quarterly results and resilient US GDP in the face of an aggressive bout of Federal Reserve policy tightening.


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