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US equities were mixed Thursday as investors welcomed another moderate inflation update, even as they braced for a potentially consequential jobs report Friday and the start of a three-day weekend. The Nasdaq Composite stood out, edging up to a four-week high, while Treasury yields, which surged around the end of July, slipped near three-week lows. August was a bit of a roller coaster for equities markets as investors digested earnings reports, as well as concerns about inflation, interest rates, and resurgent Treasury yields. At one point, the S&P 500 Index was down as much as 5.5% from its late July peak, though it has since recovered as some sources of potential concern have evolved. Meantime, in Europe, the Euro Stoxx 50 Index was down 0.4% for the day and wrapped up the month of August with a decline of 2.5%.
Summary for 01.09.2023
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