Here’s Your Daily Market Brief For August 30th – #stocks chatter

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Here's Your Daily Market Brief For August 30th
Hey everyone! I've been sharing my morning briefs for a few weeks now and thought you would find them helpful here too.

A little background: I post quick briefs every morning that can be digested in 1 to 2 minutes. They're essentially highlights of the most important market/economic news that you should know for that day.

If you have any suggestions or feedback, I'm all ears! Let me know how I can improve the briefs for you.

**📰 Top News**

* S&P 500 Futures are +.09%; Dow Futures are +.05%; NASDAQ Futures are +.10%
* **US stock futures are slowly moving higher after the S&P 500 and NASDAQ closed at record highs on Friday**. This comes after Jerome Powell said monetary tapering could start in 2021 depending on the labor market but emphasized increasing rates would come later. *Note: Eyes are on this Friday's unemployment report to see if the labor market recovered enough to start tapering efforts*
* **China's crackdown on tech companies is causing investors to look for opportunities in other parts of Asia** (e.g. India and South Korea). *Note: Tech companies from these regions raised $8B in share sales which is much higher than previous annual numbers*
* **The Delta variant continues to impact recovery efforts across the world**: Australia reported new daily infection records; New Zealand extended lockdown orders; Southern states in the US are running low on oxygen; The EU is expected to recommend reinstating travel restrictions and stop nonessential travel from the US

**🎯 Price Target Updates**

* Barclays raised Affirm Holdings, Inc. (NASDAQ: AFRM) price target from $85 to $115
* RBC Capital raised the price target for CrowdStrike Holdings, Inc. (NASDAQ: CRWD) from $259 to $300
* Wolfe Research lifted Workday, Inc. (NASDAQ: WDAY) price target from $270 to $300
* Deutsche Bank cut the price target on Micron Technology, Inc. (NASDAQ: MU) from $110 to $95

**📻 In Other News**

* New Orleans and the Louisana coast were hit by Hurricane Ida overnight leading to power outages and floods
* **Rivian filed for IPO and aiming to go public around Thanksgiving**. *Note: Rivian is looking for an $80B valuation - compare this to a $27.6B valuation when it raised funds earlier in the year*
https://www.reddit.com/r/StockMarket/comments/pehs09/heres_your_daily_market_brief_for_august_30th/

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