Wed. Dec 8th, 2021

© Reuters. Could the prolonged lack of workers affect the stock market?

The S&P 500 (SPY) won last week as investors continue to ignore the news of the coronavirus spread. Overall, value stocks outperformed their growth counterparts as it led the materials sector. Energy stocks fell due to concerns that rising infections could weigh on global demand. Technology stocks also fell due to the downturn in the semiconductor industry, which was under pressure with concern about the potential weakness in memory prices. There is so much more to discuss, which I will discuss below …. (Please enjoy this updated version of my weekly commentary on the POWR Value newsletter).

Even with the rise of the delta variant, the economy is advancing. The July employment report showed substantial progress towards full employment, as 943,000 wage jobs were added and the unemployment rate fell to 5.4%.

However, 9 million Americans remain unemployed and last week’s report on job openings and the Workload Survey (JOLTS) showed that the number of jobs Labor is now more than the number of unemployed Americans at 1.3 million.

Keep reading at StockNews

Disclaimer: Fusion Media I would like to remind you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and currency prices are not provided by the stock exchanges, but by market makers, so prices may not be accurate and may differ from the actual market price, ie prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any commercial losses that it may cause as a result of the use of this data.

Fusion Media or anyone related to Fusion Media will not be liable for any loss or damage resulting from reliance on the information, including data, estimates, charts and buy / sell signals contained on this website. Be fully aware of the risks and costs associated with financial market trading, as it is one of the riskiest forms of investment possible.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission.

Source link

Leave a Reply