08Aug2022 Market Close & Major Financial Headlines: With Little News Today – The Markets Do Little.
Summary Of the Markets Today:
- The Dow closed up 29 points or 0.09%,
- Nasdaq closed down 0.1%,
- S&P 500 down 0.12%,
- WTI crude oil at $90.30 up $1.28%,
- USD $106.38 down 0.23%,
- Gold $1805 up 0.78%,
- Bitcoin $23,961 up 3.4%,
- 10-year U.S. Treasury 2.75% unchanged
Today’s Economic Releases:
The July 2022 Survey of Consumer Expectations shows substantial declines in short-, medium- and longer-term inflation expectations. Expectations about year-ahead price increases for gas and food fell sharply. Home price growth expectations and year-ahead spending growth expectations continued to pull back from recent series highs. Households’ income growth expectations improved.
The federal budget deficit was $727 billion in the first 10 months of fiscal year 2022, CBO estimates—$1.8 trillion less than it was at the same point last year.
A summary of headlines we are reading today:
- Analyst: Oil To Hit $120 Again By Winter
- China Extends Taiwan Drills, Says It Is Training Under Real War Conditions
- UN Calls For Inspection Of Shelled Ukrainian Nuclear Plant
- Consumer confidence in the housing market hits the lowest point in over a decade
- Boeing Dreamliner deliveries to resume in the ‘coming days,’ FAA says
- More Americans are working part-time — a potential harbinger of future jobs market instability
- “Looks Like A Battlefield”: Third Fuel Tank At Major Cuban Storage Facility Ignites
These and other headlines and news summaries moving the markets today are included below.