📉 SPX | 4,361 (-30, -0.7%)
📉 DJIA | 34,496 (-250, -0.7%)
📉 CCMP | 14,486 (-93, -0.6%)
🛢 The stock market gave up large early gains as the day’s trading session advanced, seemingly guided by fears of a continuing surge in energy prices. WTI crude for instance, climbed above $81 per barrel – a 7-year high.
🏦 With major earnings announcements right around the corner – starting with US financial companies (such as JP Morgan and Goldman Sachs), many investors are on the lookout for a growth in loans again, which may signal a recovery in spending and investment.
🇺🇸 Goldman Sachs economists have cut the US growth forecast for 2021 (+5.7% to 5.6%) and 2022 (+4.4% to 4.0%), citing weaker-than-expected recoveries in consumer spending and highly constrained semiconductor output as the main culprits.