Inflation Fears Shake Markets
Market indices ended the quarter with losses, led by the Dow Jones. No sector showed optimism, with Information Technology slightly down and others experiencing losses over three percent.
Market indices ended the quarter with losses, led by the Dow Jones. No sector showed optimism, with Information Technology slightly down and others experiencing losses over three percent.
The S&P 500 fell this week to start Q2 on a sour note as Federal Reserve officials indicated they were in no rush to cut interest rates.
The second quarter began with losses in major markets. Employment report surprised positively with 303,000 jobs added, yet concerns linger.
The first quarter ended with gains in all five indices with the S&P 500 standing over 10% higher year to date. For the S&P 500, this was the best first quarter since 2019.
Last week, Wednesday’s gains punctuated the week in large part due to the activity following the FOMC Meeting, where they voted to hold interest rates held steady.
Following a blowout of an emergency door on a Boeing 737 Max in January, orders from Boeing almost completely disappeared for a month.
The Major Markets closed out the month of February mixed and last week’s economic news was lackluster at best.
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