To begin their trading day, investors should be aware of the following key news items:
1. S&P’s quartet Friday saw increases in stocks, bringing the S&P 500’s winning month to a close. At 5,648.40 at the end of the session, the broad market index increased by 1.01%. It gained 2.3% in August as well, making it a winning month for the fourth time in a row.
2. Line-of-business inflation Inflation went up a little bit in July. The price index for personal consumption expenses increased 0.2% from the previous month and 2.5% from the previous year.
3. X-ed out Brazil continues to block Elon Musk’s X. A group of judges on the nation’s federal highest court unanimously upheld instructions on Monday to stop using the social media site.
4. A lower chance of Covid death? Wegovy and Ozempic might also be advantageous in that they lower the chance of dying from COVID-19. People taking a 2.4 mg dose of semaglutide, the active component in Novo Nordisk’s bestselling medications.
5. Numerous restaurant bankruptcies
This year, the restaurant business has experienced a lot of Chapter 11 bankruptcy. A minimum of ten restaurant chains have filed for bankruptcy so far (not including multi-unit franchisees), with three of those filings occurring in August alone.
Source (CNBC)
