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- Aug 3rd Weekly Stock Market Update - consumers weakness is starting to show in earnings and jobs
Aug 3rd Weekly Stock Market Update - consumers weakness is starting to show in earnings and jobs
$AMZN $META $MSFT $AVGO
Mukund Mohan
August 03, 2024
Review
The US consumers are getting weaker in terms of purchasing and buying, due to higher interest rates, which is slowing the economy and also increasing jobless claims. This made markets move lower again this week and the weakness should continue for the next week as well.
All 4 major indices headed lower driven by poor earnings from large companies
