Weekly Market Overview: April 15 – April 19
The S&P 500 drops 3% amid mixed earnings and Middle East tensions. Read the full weekly market overview here.
The S&P 500 drops 3% amid mixed earnings and Middle East tensions. Read the full weekly market overview here.
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.
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.
The attack on Israel flared up long-standing tensions in the region, causing oil prices to jump. Some market analysts said prices could rise as high as $150 per barrel, but the initial shocks only sent prices back into the $90 range.
This week holds the July FOMC Meeting. Market participants anticipate that the FOMC will raise the Fed Funds rate one more time to the 525-550 basis point level. As it stands today, the CME Group projects the greater probability that this will serve as the peak in the Fed Funds rate.
Are we headed for a recession? At the beginning of 2023, market indicators pointed in that direction, but has that now changed?
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