Mostly Drifting Sideways Into Summer With The S&P 500

Blogger at Political Calculations • Jun 7, 2021 at 4:11 AM EDT

With the trading week shortened by the Memorial Day holiday, the S&P 500 mostly drifted sideways in the unofficial start of summer for the U.S. stock market.

With the trading week shortened by the Memorial Day holiday, the S&P 500 (Index: SPX) mostly drifted sideways in the unofficial start of summer for the U.S. stock market.

(Click on image to enlarge)

Investors were therefore left with all the same unanswered questions they had coming into the week, although the weaker-than-expected jobs report on Friday, 4 June 2021 provided a signal the Fed is unlikely to begin pulling back its stimulative bond-buying activities until sometime later this year.

That was enough to bid stock prices up to close the week, but not to definitively resolve the questions investors have for the future. Meanwhile, the market moving headlines of the week that was reveal other factors investors were focusing upon.

Disclaimer:

Materials that are published by Political Calculations can provide visitors with free information and insights regarding the incentives created by the laws and policies described. However, this article is not designed for the purpose of providing legal, medical or financial advice to individuals. Visitors should not rely upon information on this website as a substitute for personal legal, medical or financial advice. While we make every effort to provide accurate article information, laws can change and inaccuracies happen despite our best efforts. If you have an individual problem, you should seek advice from a licensed professional in your state, i.e., by a competent authority with specialized knowledge who can apply it to the particular circumstances of your case.