- Title: S&P 500 ends higher after Powell lulls market
- Date: 14th July 2021
- Summary: LOS ANGELES, CALIFORNIA, UNITED STATES (JULY 14, 2021) (REUTERS) (SOUNDBITE) (English) GERBER KAWASAKI, CEO, ROSS GERBER, SAYING: "Well, we're getting into earnings season now. So what we're seeing is that the markets have moved up in anticipation of amazing earnings season. But the season is now starting, so we're going to see a lot of volatility over the next two months as stocks find their equilibrium between what will be a huge earnings season, but also with huge valuation. So seeing the markets kind of move around up here is pretty normal as we come into earnings season. And it's certainly nothing to be concerned about."
- Embargoed: 28th July 2021 21:12
- Keywords: COVID-19 Delta variant Dow Jones Nasdaq S&P 500 Wall Street coronavirus equities index indices markets shares stocks trading vaccine
- Location: NEW YORK, NEW YORK, + LOS ANGELES, CALIFORNIA, UNITED STATES
- City: NEW YORK, NEW YORK, + LOS ANGELES, CALIFORNIA, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets,United States
- Reuters ID: LVA002ELTDO3R
- Aspect Ratio: 16:9
- Story Text: The S&P 500 ended with a gain after briefly hitting an intra-day record in a choppy session on Wednesday (July 14), as investors balanced worries about inflation with reassuring comments from Fed Chair Jerome Powell.
Of the 11 S&P 500 sector indexes, utilities and consumer staples were among the strongest, while energy sank over 3%.
The Dow Jones Industrial Average rose 0.13% to end at 34,933.23 points, while the S&P 500 gained 0.12% to 4,374.38.
The Nasdaq Composite dropped 0.22% to 14,644.95.
(Production: Hyeongmi Kim, Fred Katayama, Aleksandra Michalska)
- Copyright Holder: REUTERS
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