The S&P 500 index rose 2% last week, wiping out the prior week’s and Monday’s sharp decline — sending the market benchmark to fresh record highs. Many sectors, including communication services and consumer discretionary were boosted by better-than-expected second quarter financial results.
In the week prior, the S&P 500 fell 1% amid worries about inflation. The index continued to drop on Monday due to increasing concerns about the rise in COVID-19 cases, amid the spread of highly-contagious Delta variant. But the index recouped those losses over the remainder of the week.
This week comes one of the biggest market results of the week. Listen for more.
Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:
Bautis Financial Advisor Commentary: July 23, 2021
»