A Snapshot of the Market for the Week Ended August 6, 2021:
The rolling seven-day average of new U.S Covid-19 cases hit a six-month high last week as in-person events are being cancelled, major companies are delaying return-to-work plans and mothers are forced to stay home. The Delta variant is challenging, but it has neither dampened the economy or the market. Global equity funds took in another $4.8 billion, with the S&P 500 rising 42 points or 1.0%, to end at a fresh, all-time high of 4437.
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By Hubert Marleau
By Hubert Marleau