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After the Jobs Report, Investors are Looking at The Fed for Tapering Signals

Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.

EBAY

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Airlines Downgraded by Goldman Sachs Despite Higher Bookings

Wall Street appears to be living up to its roller coaster reputation as stock futures point to a lower open after yesterday’s rally. Inflation continues to be a concern for investors. European markets were shaken by European natural gas prices which exploded 13% overnight.

AAL

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Tesla and Merck Give Investors Some Hope

Friday’s rally appears to have lost its momentum over the weekend because stock futures are trading lower before Monday’s open. China’s troubled real estate developer Evergrande continues to be a drag on stocks. Hong Kong’s Hang Seng Index (HIS:HK) dropped 2% as trading on Evergrande was halted.

GILD

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Closing Out the Quarter: Tech Rebounds a Bit but Supply Chain Issues Slam Bed, Bath & Beyond

With Treasury yields losing a bit of their grip and volatility edging lower, stocks have a slight green tint this final morning of the quarter.  Barring one of the greatest rallies ever, September is going to be a down month. 

BBBY

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Technology Stocks Pull Down the S&P 500, Can Other Sectors Pull It Higher?

Futures are pointing to a higher open. News and announcements were light before the open which gave investors a chance to digest Tuesday’s selloff. The selloff was orderly which may suggest that the selloff wasn’t a taper tantrum but a “normal” September slump where money managers are rearranging their portfolios for the final quarter.

AAPL