Archives of “August 20, 2022” day

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Key events and releases for the week starting August 22

  
  Analysis
  • various flash PMI estimates for Europe and UK
  • US/services and manufacturing PMI indices, 9:45 AM ET. Manufacturing PMI 52.0 vs. 52.2 last month. Services PMI 50.0 vs. 47.3 last month
  • US new home sales, 10 AM ET. Estimate 574K vs. 590K last
  • Richmond Fed manufacturing index for August. 10 AM ET. Estimate -6 vs. 0 last month

Wednesday, August 24

  • US durable goods orders. 8:30 AM ET. Estimate 0.9% vs. 2.0% last month
  • US pending home sales. 10 AM ET. Estimate -2.1% vs. -8.6% last month

Thursday, August 25

  • New Zealand retail sales Q/Q. 6:45 PM ET (Wednesday). Estimate 1.7% vs. -0.8% last quarter
  • German Ifo business climate. 4 AM ET. Estimate 86.7 vs. 88.6 last month
  • US preliminary GDP for 2Q. 8:30 AM ET. -0.8% vs. -0.9%.
  • US unemployment claims. 8:30 AM ET. Estimate 250K unchanged from last week
  • Jackson Hole symposium. All day

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All 3 major indices close lower for the week. 1st declines in 5 trading weeks

  
Analysis, US Market

For the week, the Dow, S&P and NASDAQ close lower for the 1st time in 5 trading weeks. The declines for the week showed:

  • Dow -0.1%
  • S&P -1.2%
  • NASDAQ -2.62%

For the trading day:

  • Dow industrial average fell -292.3 points or -0.86% at 33706.73
  • S&P index fell -55.24 points or -1.29% at 4228.49
  • NASDAQ index fell -260.12 points or -2.01% at 12705.23
  • Russell 2000 fell 43.38 points or -2.17% at 1957.34.
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