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The Market Wrap for August 13: Infrastructure & Jobs Boost Market

The market has been in a constant state of push and pull for weeks now. The last five trading sessions have been no different. This time, it seems that the bulls have won out. Stocks spent most of the week rising on positive news.

Part of that came from the bipartisan infrastructure effort. The Senate finally agreed to a massive infrastructure package. Investors cheered the results, sending a variety of infrastructure stocks higher. Also helping returns this week were positive data and earnings.

Various measures of economic health, including jobs numbers, manufacturing and housing, helped to boost the overall market. Elsewhere, investors remained optimistic of the strong earnings. So far, this earnings season has been a blowout with positive results, strong guidance and a return to dividend/buyback growth.

However, the continued threat of the coronavirus and the spread of new variants, specifically the Delta, kept gains in check this week.

All in all, the market moved higher on overall good news.

Be sure to check out our previous Wrap here, when the markets witnessed wild swings.

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