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MarketWatch: Dow, S&P 500 touch records as inflation fears moderate, but Nasdaq heads lower

Mark DeCambre and Joy Wiltermuth | August 11 , 2021

The Dow industrials and S&P 500 touched record territory on Wednesday after a report on consumer inflation mostly matched expectations, but the broader market faced some headwinds as health care, tech and growth shares were sold.

“Earnings for the S&P 500 over the past five quarters have beaten expectations by about 15-20 percent. These are all-time highs that suggest the economic recovery is not only on track, but stronger than many anticipated,” wrote Jonathan Waite, senior research analyst at Frost Investment Advisors, in emailed commentary.

Excerpted from MarketWatch on August 11, 2021. To read full article, click here.

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