S&P 500 Sees Third Consecutive Weekly Loss
Last week saw another drop for major markets, with the S&P 500 posting its third consecutive weekly loss. Only the Dow Jones Industrial Average managed to close flat.
Last week saw another drop for major markets, with the S&P 500 posting its third consecutive weekly loss. Only the Dow Jones Industrial Average managed to close flat.
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.
The Major Markets closed out the month of February mixed and last week’s economic news was lackluster at best.
Last Friday, the possibility of a March rate cut decreased. The waning optimism sent the yield curve higher and pulled the bond market down.
"*" indicates required fields