The market saw upbeat jobs data and manufacturing data today
| |  7/15/2021 | | | Have you seen our volatility scorecard? Sign up by clicking here! | Stocks Struggle for Direction Despite Strong Economic Data | By: Laura McCandless | | The Dow finished modestly in the black after hovering around breakeven for most of the trading day, despite upbeat earnings reports and jobs data. Initial jobless claims for last week came in at 360,000, marking a new pandemic-era low and falling in line with expectations. Meanwhile, the S&P 500 Index and Nasdaq ended the session lower as tech stocks slipped. Elsewhere, Federal Reserve Chairman Jerome Powell reiterated the expectation that the spike in inflation will be transitory in his second day of Congressional testimony, and has received harsh criticism from Senators Sherrod Brown and Elizabeth Warren. In other news, investors unpacked strong U.S. manufacturing data today, though supply chain headwinds still linger. Continue reading for more on today's market, including: - Unpacking the bullish sentiment around SCHW before earnings.
- What kept a lid on Morgan Stanley stock after a top- and bottom-line beat.
- Plus, AIG makes billion-dollar deal; BYND's new expansion; and NFLX receives a bull note.
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