Weekly Market Update: August 12, 2024
08/12/24
A Volatile Week for Global Markets
Concerns around a softening U.S. job market were exacerbated by a historic market decline in Japan. U.S. markets started the week sharply lower, but pared back most of the losses as weekly jobless claims came in better than anticipated. Volatility saw one of the largest one-day spikes on record emphasizing the importance of a long-term, diversified approach to investing.
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