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Sept. 7, 2021, 10:29 a.m. EDT

Investors are ignoring the parallels between stocks today and ‘heady’ years of 1929, 1999 and 2007. Do this next, says strategist.

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By Barbara Kollmeyer

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Shares of Match.com /zigman2/quotes/207178501/composite MTCH -2.39% are surging on news the dating-app company will be added to the S&P 500 , replacing WW International /zigman2/quotes/200896816/composite WW +3.58% , which is headed to the S&P SmallCap 600 /zigman2/quotes/210599868/delayed SML -1.02% .

Goldman Sachs /zigman2/quotes/209237603/composite GS -1.31% will list its alternative assets management unit Petershill Partners on the London Stock Exchange.

Facing fierce social media backlash, videogame developer Tripwire Interactive has replaced its CEO who voiced support for a Texas abortion law in a tweet Sunday.

The markets

Stocks /zigman2/quotes/210598065/realtime DJIA -0.30% /zigman2/quotes/210599714/realtime SPX -1.05% /zigman2/quotes/210598365/realtime COMP -2.16% are struggling, with Europe equities /zigman2/quotes/210599654/delayed XX:SXXP -0.57% also giving up gains as investors look ahead to Thursday’s European Central Bank meeting . Elsewhere, the Reserve Bank of Australia tapered its own bond buying at Tuesday’s meeting and Aussie stocks /zigman2/quotes/210598100/delayed AU:XJO +0.22% finished lower.

The chart

Goldman Sachs is worried that the delta variant of coronavirus, fading fiscal stimulus and a slower service sector recovery will weigh on consumer spending over the next few quarters. Their GDP view for 2021 has been trimmed to 5.7% from 6.2%, but to 4.6% from 4.3% for 2022.

Random reads

Tributes pour in for the late Michael K. Williams of “The Wire” and “Boardwalk Empire” fame.

“You bloody fool,” said the d uck raised in captivity .

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/zigman2/quotes/207178501/composite
US : U.S.: Nasdaq
$ 125.21
-3.07 -2.39%
Volume: 1.47M
Dec. 3, 2021 1:28p
P/E Ratio
64.54
Dividend Yield
N/A
Market Cap
$36.31 billion
Rev. per Employee
$1.26M
loading...
/zigman2/quotes/200896816/composite
US : U.S.: Nasdaq
$ 17.95
+0.62 +3.58%
Volume: 683,255
Dec. 3, 2021 1:27p
P/E Ratio
25.94
Dividend Yield
N/A
Market Cap
$1.21 billion
Rev. per Employee
$137,812
loading...
/zigman2/quotes/210599868/delayed
US : S&P US
1,346.11
-13.90 -1.02%
Volume: 149.29M
Dec. 3, 2021 1:18p
loading...
/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 382.46
-5.08 -1.31%
Volume: 1.49M
Dec. 3, 2021 1:28p
P/E Ratio
6.31
Dividend Yield
2.09%
Market Cap
$129.75 billion
Rev. per Employee
$1.31M
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
34,534.93
-104.86 -0.30%
Volume: 219.85M
Dec. 3, 2021 1:28p
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
4,529.02
-48.08 -1.05%
Volume: 1.33B
Dec. 3, 2021 1:28p
loading...
/zigman2/quotes/210598365/realtime
US : Nasdaq
15,048.52
-332.80 -2.16%
Volume: 3.00M
Dec. 3, 2021 1:28p
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
462.77
-2.67 -0.57%
Volume: 0.00
Dec. 3, 2021 5:50p
loading...
/zigman2/quotes/210598100/delayed
AU : S&P ASX
7,241.20
+16.00 +0.22%
Volume: 631,364
Dec. 3, 2021 5:19p
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