This Week -- Barron's
02 September 2023 - 12:00PM
Dow Jones News
Monday 9/4
Equity and fixed-income markets are closed in observance of
Labor Day.
Wednesday 9/6
Danaher hosts an investor day to discuss Veralto, the spinoff of
Danaher's environmental and applied solutions segment. Danaher
expects to complete the spinoff on Sept. 30, with stockholders
receiving one share of Veralto for every three shares of Danaher
owned.
The Institute for Supply Management releases its Services
Purchasing Managers' Index for August. Consensus estimate is for a
52.4 reading, roughly even with the July data. The Services PMI has
had only one reading below the expansionary level of 50 over the
past three years, as the services sector continues to hold up
better than the manufacturing sector.
Friday 9/8
The Federal Reserve releases the Financial Accounts of the
United States for the second quarter, which includes statistics for
total household net worth. That figure was $148.8 trillion at the
end of the first quarter. With the S&P 500 index returning 8.7%
in the second quarter, the peak of $152.5 trillion reached in the
first quarter of 2022 is well within sight.
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(END) Dow Jones Newswires
September 01, 2023 21:45 ET (01:45 GMT)
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