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Looking Back at the US Markets in July and Ahead to August 2023
July was another good month for stocks across the board. The U.S. indices were up in the low single digits, while international markets also did well. Riskier investments like the Nasdaq and emerging markets did best. Fixed income, on the other hand, was much weaker for the month as interest rates rose and the Fed hiked base rates. Financial markets were clearly in a risk-on mode and benefited from riskier investments like tech stocks at the expense of more boring ones. Looking Back The economy. A mix of good economic news drove the strong performance in July. Second-quarter growth was reported at 2.4 percent—up ... (full story)