Beyond the Bell 08/27/2021

The video discusses the closing of the US market, highlighting a broad-based rally with the S&P 500 reaching a record high. Jerome Powell's speech reassured investors, separating tapering from rate hikes. Major indices like NASDAQ and Dow Jones showed gains, with Russell 2000 outperforming. Key companies such as Exxon, Rivian, and NVIDIA were discussed, alongside challenges faced by Peloton and DoorDash. Currency movements saw the dollar weaken, while commodities like oil and steel rose. The economic outlook focused on inflation, employment, and the Delta variant's impact.

What challenges did Peloton face that affected its stock price?

How did the dollar index react to the news from Fed Chair Powell?

What was the significance of Hurricane Ida in the context of the market?

What insights did Jim Karen provide regarding bond yields and the Fed's actions?