Markets Rally to New Highs Amid Mixed Sector Performance
The Major Markets all closed higher last week, although with a somewhat muted performance.
The Major Markets all closed higher last week, although with a somewhat muted performance.
Tech stocks surged, lifting major markets higher, but economic uncertainty persists amid varied rate cut expectations.
Last week, all major markets gained, with the S&P 500 hitting a new all-time high. Mixed economic data saw the PPI rise unexpectedly, but a lower-than-expected CPI boosted markets. Expectations for two rate cuts this year have increased, and bond markets saw a positive rebound.
The S&P 500 drops 3% amid mixed earnings and Middle East tensions. Read the full weekly market overview here.
The highly anticipated FOMC meeting takes place this week. Analysts anticipate the Fed Funds Rate will hold steady at the 5.25 to 5.5 range given the persistent inflation readings.
Explore the latest insights on the financial markets with Larson Market Commentary. Dive into the fifth consecutive week of gains for the S&P 500, discover the standout performance of Small Cap Value stocks, and stay updated on key market indices and S&P sectors. Get expert analysis on the economic landscape, including missed expectations in New Home Sales and the dynamic shifts in the Yield curve. Agent/Broker Dealer Use Only.
Last week, attention shifted away from the war in Ukraine and onto the conflict in the middle east. The most noticeable economic fallout was seen in WTI Crude Oil Futures.
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