Renaissance Macro Research Economics head Neil Dutta explains the data behind his optimistic expectations for the U.S. economy.
Federal Reserve Chair Jerome Powell is set to participate in a “Conversation on the U.S. Economy” hosted at The Wall Street Journal Jobs Summit. This as weekly jobless claims remain elevated coming in at 745,000.
ANOTHER 745K AMERICANS FILED FOR UNEMPLOYMENT BENEFITS LAST WEEK
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 31392.95 | +122.86 | +0.39% |
| SP500 | S&P 500 | 3833.34 | +13.62 | +0.36% |
| I:COMP | NASDAQ COMPOSITE INDEX | 13008.010894 | +10.26 | +0.08% |
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His remarks come as yields have been creeping higher rattling stock investors. The 10-year Treasury yield is sitting at 1.47%, the second-highest level of the year.
NASDAQ ERASES 2021 GAINS AS YIELDS CLIMB
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