Thursday, August 5, Market Recap

Good Evening,

Today, August 5…

The DJIA rose 0.80%

The S&P 500 was up 0.60%

The Nasdaq Composite added 0.80%

Industrials led the market today.

General Market Review

Economic Data

Last week, unemployment claims totaled 385,000 which was 14,000 claims lower than the previous week.

Consumer Discretionary

Roku fell 4.01% after the company reported better-than-expected quarterly results but had a slowdown in user growth numbers. Roku also had tight supply and shipping constraints that are increasing costs.

Industrials

The Senate is expected to wrap up the $1 trillion infrastructure bill in the next few days. Caterpillar rose 1.31% and Boeing added 1.46%. Travel stocks were up today, despite the delta variant spreading. American Airlines added 7.51%.

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