The Stock Market Starts August on a Good Note

It’s the first trading day of the month and that means the ISM Manufacturing report comes out. I like this report because it comes out quickly. Compare that with the GDP reports that come out weeks after the quarter ends.

The ISM report for July fell to 59.5. That’s down 1.1 from June. Any reading above 50 means the factory sector is expanding.

The stock market is up nicely so far this morning, but that comes after declines in three of the last four days. The S&P 500 was briefly above 4,420 this morning.

The S&P 500 gained 2.27% in July. With dividends, it was up 2.38%. For the year, it’s up 17.02% and with dividends, it’s up 17.99%.

We have one earnings report today. Trex (TREX) will report after the close today. The estimate is for 53 cents per share.

Posted by on August 2nd, 2021 at 10:46 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.