Company / Analytics

Analytics, 04 September 2022

Week 35 in brief

North America

Stocks in the US fell on Friday to end their third straight weekly decline. Despite a small rally on Friday morning, as investors were briefly comforted by the jobs report which showed the economy added 315,000 jobs for the month, stocks fell later in the day to end the day and week in losses. All major US indices ended the day in the red zone.

The jobs report also indicated that the unemployment rate rose to 3.7%, but investors still believe the Fed is yet to slow down on interest rates. Wall Street analysts still believe the central bank will enforce a 75-basis-point hike on the oncoming September meeting.

How did the major indices perform:

On Friday:

For the week:

What drove the US market

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Next week will begin with a holiday, as U.S. markets close for Labor Day on Monday. Several companies will report next week, including Gamestop, Asana, DocuSign, and Kroger, among others. Apple will host its annual product launch event on Wednesday, where it’s expected to unveil a new series of the iPhone 14, with bigger screens and faster chips, along with a new series of Apple Watches and an update to the AirPods Pro. Investors can also expect the latest PMI survey readings on Tuesday, followed by the release of the Fed’s Beige Book on Wednesday. On Thursday, European Central Bank (ECB) policymakers will conduct their monetary policy meeting, with officials widely expected to raise interest rates.

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