Stocks Broke Record High Again This Week

Published Friday, August 13, 2021 at: 7:51 PM EDT

The manufacturing purchasing managers index ticked lower in July but is not far off from a record high, while the more important service purchasing management index shot higher to a record high. Meanwhile, business owner optimism ticked lower in July and the S&P 500 closed the week by breaking another all-time closing high. Here’s a roundup of the financial economic news. The Manufacturing Purchasing Managers Index came off its peak in July but was still at a very strong number by historic comparison. According to The Institute for Supply Management (ISM), which conducts this survey of purchasing management professionals at large...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.

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