This week's market recap covers significant declines in U.S. and international equities, insights into the Federal Reserve's latest policy stance, and a preview of upcoming economic data releases. Key factors include disappointing tech earnings, dovish Fed signals, and a slowing labor market.
U.S. equities faced volatility amid tech sell-offs and earnings reports. The Dow Jones gained 0.9% while the S&P 500 and Nasdaq declined. Economic data, including GDP growth and PCE inflation, provided market boosts. Learn more about the latest market movements, Federal Reserve insights, and key economic data for the week ahead.
This week saw U.S. stocks navigate a bumpy ride with significant market rotation, political events, and trade tensions. Despite reaching record highs, the S&P 500 and Nasdaq fell, while the Dow posted modest gains. International markets were similarly affected by cyber outages and economic data, with mixed performances across regions.
U.S. equities continued their ascent with the S&P 500 reaching a new high. AI-driven gains and cooling inflation data bolstered market sentiment. Treasury yields fell amid dovish remarks from Fed Chair Jerome Powell.
In a holiday-shortened week, U.S. equity indexes reached new record highs, driven by gains in the technology and consumer discretionary sectors. Federal Reserve Chair Jerome Powell’s dovish comments supported market sentiment, despite mixed economic data indicating a cooling labor market.
The S&P 500 broke its three-week winning streak, ending the week slightly lower despite promising inflation data. With Federal Reserve insights hinting at potential rate cuts later this year, all eyes are on the upcoming payroll reports to gauge the economic outlook.