Changes are happening - please bear with us while we update our site.

Changes are happening - please bear with us while we update our site. Click here to give us your advice and feedback.

US stock market report – lockdown stocks on watch

Global markets finished stronger ahead of the start of US earnings season, the Dow Jones and S&P 500 both adding 0.4% and the Nasdaq 0.2% with big tech a major contributor.

In fact, the Dow Jones finished just 4 points short of the 35,000 point mark in what would have been its first-ever close above that level.

In a broad-based rally, both financials and communications jumped strongly despite a small jump in bond yields, with record profits from the former expected this week.

NVIDIA (NASDAQ: NVDA) jumped 3.3% and Intel (NASDAQ: INTC) 1.3% as concerns continue to grow that the ‘delta variant’ may lead to longer lockdowns than expected.

According to Fact Set, estimates are for 64% year-on-year earnings growth for the S&P 500 for the July quarter, an acceleration on 50% in the previous quarter amid hopes that the strong signs for economic growth have filtered across the economy.

US stock market movers

Here’s how other popular US stocks started the week.

Back home on the ASX, the S&P/ASX 200 (ASX: XJO) is expected to follow US markets higher at the open on Tuesday. For all the latest, check out Rask Media’s ASX 200 morning report.

The Golden Rules of Investing

We might be experts in retirement, but with combined financial advice experience of 35+ years, we’ve nearly seen it all. 

In mid-2023, our senior team at Wattle Partners Financial Planning put the finishing touches on a brand-new report “The Golden Rules of Investing“.

In this free report, we outline the key principles that determine all of the portfolio construction and investment decisions of Wattle Partners. Collated over decades, this paper should be seen as a work-in-progress, constantly under review in light of the ever-evolving nature of markets. 

You’ll find the free report on my Author page. Simply click the button below to view the Golden Rules.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.


Disclosure: At the time of publishing, Drew owns shares in Disney.

Powered by

Wattle Partners is a financial advice firm, servicing clients around Australia, specialising in retirement planning (pre and post retirement). 

Skip to content