Zoom Stock Scores Pre-Earnings Upgrade

The Dow scored a weekly win of its own, too

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Schaeffer's Market Recap
8/27/2021
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S&P 500, Nasdaq Score Record Closes to Finish Winning Week


By: Jake Scott

Stocks finished a stellar week with even more gains, despite Federal Reserve Chairman Jerome Powell preparing Wall Street for the central bank's tapering of $120 billion worth of monthly bond purchases by the end of the year. However, Powell added interest rate hikes would not soon follow. As a result, the S&P 500 and Nasdaq nabbed record closes and weekly wins, and both marked their best week since July. The Dow scored a winning week of its own after registering a 242-point pop, as the 10-year Treasury yield eased following Powell's speech. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), locked its worst weekly performance since June.

Continue reading for more on today's market, including:

  • With earnings on the horizon, Zoom stock scored an upgrade.
  • The home workout staple analysts and options traders targeted.
  • Plus, checking in on STNE ahead of earnings; why analysts love WDAY; and unpacking Dell's quarterly report.
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Want More Minute-to-Minute Updates?

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