Stocks End Mixed As Market Hits Pause

Plus 5 New Strong Buys for Today Stocks End Mixed As Market Hits Pause [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President Stocks End Mixed As Market Hits Pause [Stocks End Mixed As Market Hits Pause]Image: Bigstock Stocks finished mixed yesterday with the Dow off modestly, while the S&P and Nasdaq were up modestly. But all three of those indexes were up solidly from their worst levels of the day. News on Wednesday that the Fed was considering tapering by the end of the year weighed on stocks then and yesterday morning. But the markets were able to shrug that off by the end of the day. The taper talk was not really much of a surprise since the Fed had been hinting at that for months. Some have begun pointing to some lighter than expected numbers in some economic reports too. To be sure, some numbers have missed their expectations. But others have easily surpassed them. One thing traders are anxious to see get here is the end of the enhanced unemployment benefits in September. That will begin to alleviate supply chain disruptions, worker shortages, and inflation. (For employers, it can't come soon enough.) While last month's better than expected employment report showed 943K new jobs being created, those numbers are expected to soar even higher as millions more return to the workforce in the coming months. And that's great news for everybody. In other news, Weekly Jobless Claims fell more than expected with -29,000 fewer new claims at 348K. The Philadelphia Fed Manufacturing Index came in weaker than expected at 19.4 vs. last month's 21.9 and views for 25.0. But the Leading Indicators report came in stronger than expected with a m/m gain of 0.9% vs. last month's 0.5% and the consensus for 0.8%. Stocks are currently lower for the week with one trading day left. And we'd need to see a sizable gain to turn that around today. But pullbacks can also be opportunities to pick up more of your favorite stocks, or get into new ones, at even better prices. Because with strong growth forecasts for the rest of the year, it looks like there's a lot more upside to go. So make sure you're taking full advantage of it. Best, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [Time's almost up! Get your FREE copy of Finding #1 Stocks - A $49.95 Value]( The Executive Vice President of Zacks Investment Research, Kevin Matras, is very optimistic about our country's financial future. As the economy continues to grow stronger, he expects stocks to soar far higher right through the market blips and dips. But what’s the key to being successful? Knowing the right strategies and where to find stocks that will lead the market. For a limited time, Kevin is offering his hardcover book, Finding #1 Stocks, absolutely free. 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