Advisory Access Limited

Investors will be closely watching the annual virtual gathering of the Fed Reserve's policy makers in the Jackson Hole Economic Policy Symposium.

Stocks extended trend from yesterday, with the new print on inflation hitting the mark along with the $1 trillion infrastructure bill passing through the Senate, resulting to a renewed optimism with regards to the economic recovery.

The market was able to reverse losses from the session on Monday, as investors temporarily set aside Delta virus and its growth concerns to focus on the overwhelming earnings report and the optimism that brings a possible economic recovery.

Market course took a turn for the worse today, as all 3 major imdices ended dropping from respective record highs.

Market session seemed to have continued the record setting run from Friday of last week as two out of three benchmark equities set new record levels for the first day of this week.

Friday market session moved to a higher point as investors hope that the bipartisan infrastructure deal can trigger further economic activity.

Two out of three of the major benchmark equities managed to squeeze out fresh record levels as investors wait for the Federal Reserve's decision if changes are needed for the key monetary policy.

Second session for the week ended with stocks slightly pulling down after consumer confidence data released reflected lower than anticipated.

The SPAC (special purpose acquisition company) founded by the billionaire Richard Branson, VG Acquisition Corp., has successfully entered a deal to merge with 23andMe, a consumer DNA-testing company last February.

FAANG stocks are well known to be the fastest growing bunch in terms of growth stocks. Amongst them, Google parent Alphabet continues to move forwards and upwards on a stable basis.