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The news wire didn't give Wall Street much to cheer about Thursday, sending the major indexes to modest losses.
Ahead of Friday's Federal Reserve symposium in Jackson Hole, Wyoming, Kansas City Fed President Esther George told CNBC that pulling back on monetary stimulus soon was “appropriate given the progress we've seen.”
That said, it's possible we might not see that particular brand of firework tomorrow.
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“We doubt he will shed much light on the precise timing of tapering asset purchases given the uncertain impact of the latest COVID wave on the economy,” says Sal Guatieri, senior economist for BMO Capital Markets.
Also of concern: an attack near the Kabul, Afghanistan, airport that killed at least 12 U.S. service members and wounded 15 at last check. And on the economic front, weekly jobless claims edged up by 4,000 filings to 353,000.
The earnings calendar wasn! 7;t much relief, either.
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Dollar Tree (DLTR, -12.1%) dropped after it reported disappointing Q2 revenues and cut full-year profit estimates to below analysts' expectations. Rival Dollar General's (DG, -3.8%) 2021 earnings forecast also came in under the bar. Global design software firm Autodesk (ADSK, -9.4%) provided a similar letdown as its third-quarter profit guidance missed the mark.
Broadly speaking, stocks started relatively flat and crept lower throughout the rest of the day. Real estate was the only sector to finish with gains, and those were marginal.
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The Dow Jones Industrial Average (-0.5% to 35,213), S&P 500 (-0.6% to 4,470) and Nasdaq Composite (-0.6% to 14,945) all closed in the red.
Other news in the stock market today:
Keep Your Sanity Intact
Worried about another round of volatility? Consider adjusting your horizons.
Kip ETF 20: The Best Cheap ETFs You Can Buy
Day and swing traders might be facing a slew of potential headwinds Fed tapering, the Delta variant, the looming debt ceiling deadline and more but diversified long-term buy-and-holders can safely watch from the shore.
That's because when you entrust your wealth to a mix of seasoned fund managers and dirt-cheap index funds, a little short-term noise is unlikely to be as disruptive to you as it is for investors to investors who hang their hopes on a handful of individual stocks.
But which funds make the most sense for you?
Investors often have to tap numerous providers to access the kind of stock, bond and other asset exposure they want, but a handful of companies have a strong and deep enough roster that you can find everything you need under a single banner.
Vanguard funds are often top-of-mind, especially among thriftier investors. But rivalFidelityis worth just as long a look.This storied provider also! knows ho! w to deliver a wide array of productive options while keeping expenses low. Read on as we explore 15 Fidelity funds that offer something for everyone.
Kyle Woodley was long CRM as of this writing.10 Tantalizing International ETFs to Buy