After four down sessions, U.S. equities firmed into the close as August CPI matched expectations, easing the week’s rate jitters sparked by hotter PPI and a spike in crude.
Cognitive biases can significantly influence investment decisions, especially when emotions such as fear and greed are driving the markets. A cognitive bias refers to systematic patterns of deviation from rational judgment or decision-making processes.
Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.
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Bullish momentum A week after entering a bull market, the S&P 500 recorded its fifth positive weekly result in a row—its longest such streak since November 2021. The three major U.S. indexes posted weekly gains of around 1% to 3%, and the S&P 500 and the NASDAQ rose to their highest levels in 13 months.
Cycles: The stock market tends to go through cycles of booms and busts.
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