Weekly Recap: 7/31–8/4

  • The U.S. dollar index bounced off 14 month lows after data showed that the U.S economy created more jobs than expected
  • The Dow Jones Industrial Average reached all time highs, passing the 22,000 mark
  • Bitcoin’s blockchain split into two separate entities, creating a competing currency called “Bitcoin Cash.”
  • The July jobs report showed the addition of 209,000 nonfarm payrolls, crushing consensus expectations of 181,000
  • Yelp (YELP 40.05, +8.68), GrubHub (GRUB 52.62 +4.37), GoPro (GPRO 9.85, +1.59), and Weight Watchers (WTW 41.39, +8.31) earnings reports dominated the headlines

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