US STOCKS-S&P 500 set for muted open as strong jobs report sparks inflation worries
August 6, 2021Dow, S&P 500 end slightly lower as commodity rout and climbing COVID cases weigh on market
August 9, 2021July’s bullish employment numbers “might prompt the Fed to be more hawkish,” Spartan’s Peter Cardillo tells WSJ as non-farm payrolls increase by a better-than-expected 943k. “It is a very strong number, double the amount I was looking for,” Cardillo says. “But there is some negativity for Wall Street,” as the results could give the Fed a reason to start removing monetary stimulus. Even as the Delta variant threatens to revive lockdowns, Cardillo says that “vaccinations are increasing and that could be somewhat of a cushion in the sense that people will be more willing to go back to work.”