We no longer anticipate a U.S. recession in this calendar year - JPMorgan

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Dow Jones, Nasdaq, S&P 500 weekly preview: Better than feared Q2 results, worse than expected reactions

August 7, 2023 8:40 AM EDT

S&P 500 (SPX) fell 2.3% last week to mark the biggest weekly decline in 5 months. Despite moving higher in early Friday trading, the stock market reversed its course and headed lower on the back of the July employment report.

Nasdaq Composite (IXIC) fell as much as 2.85% to return trading below the 14000 handle. This represents the biggest weekly decline since early March, when the stock market bull rally started and saw the IXIC index gain over 30%.

Dow Jones Industrial Average (DJI) lost just 1.1% as selling was mostly taking place in the growth sector.

The July jobs... More