July 28, 2021 Growth stocks and related exchange traded funds advanced after the Federal Reserve indicated the economy was strengthening at a steady enough pace that it could begin cutting back on accommodative measures. U.S. markets have been pushing toward record highs on strong corporate earnings, the economic recovery, and ongoing support from the Fed’s easy monetary policies. However, the optimism was tempered in sessions due to concerns over the Covid-19 Delta variant, China’s regulatory crackdown on its rising technology giants, and the risk of persistently high inflation, the Wall Street Journal reports. “I’m not sure the Fed needs to change its course right now given the Delta variant is spiking around the country,” Jack Ablin, founding partner, and chief investment officer of Cresset Capital Management, told Reuters.