The S&P 500 index rose 0.5% this week, marking its second consecutive weekly gain and bringing the year-to-date increase to 7.5%, as investors grew more hopeful for potential rate cuts by the Federal Reserve following weaker-than-expected April jobs data. Despite a 4.2% decline in April, the index rebounded, with utilities leading the climb, while quarterly earnings reports mostly exceeded expectations, though revenue didn’t surpass estimates as often.
Market Commentary by Larson COO Mitchell Wood The final week of the first quarter ended on a positive note as all five indices closed higher. For the first time in recent memory, the MSCI World index saw the greatest gains followed not too far behind by the S&P 500. The S&P 500 logged its third … Continued
Last week, major markets saw gains with the Dow Jones leading, followed by the S&P 500 and MSCI World Index.
The S&P 500 index rose 1.9% this week, marking its third consecutive week of gains as earnings reports were mostly above expectations.
The S&P 500 index edged down 0.1% this week as investors digested higher-than-expected inflation readings for February.
Market Commentary by Larson COO Mitchell Wood The Major Markets closed lower, but minimally so last week, with the exception of the MSCI Emerging Markets Index. For much of the developed markets, market analysts appeared to be waiting in anticipation of the quarterly earnings releases over the next few weeks. Earnings season begins in earnest … Continued
The S&P 500 index edged down 0.1% this week as investors digested higher-than-expected inflation readings for February.
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