Weekly Market Overview: March 11 – March 15
The S&P 500 index edged down 0.1% this week as investors digested higher-than-expected inflation readings for February.
The S&P 500 index edged down 0.1% this week as investors digested higher-than-expected inflation readings for February.
The Major Markets closed out the month of February mixed and last week’s economic news was lackluster at best.
Internet scams show no signs of letting up. The costliest scams involved compromised emails and spoofing accounts to gather personal or financial information.
The S&P 500 index rose to a fresh record close this week as a technology-driven rally helped the market kick off March on a positive note.
The SECURE 2.0 Act was passed in 2022, and with more than 90 provisions being phased in over the next decade, the confusion continues.
NVIDIA released their earnings last Wednesday, beating both revenue and net income estimates by about 20%. This caused their stock price to jump over 16%.
The S&P 500 rose 1.7% to a new record close as stronger-than-expected quarterly results from Walmart and NVIDIA boosted investor sentiment.