Evening Market Recap - Tuesday, 16-April
Listen now
Description
US equities finished mostly lower in up-and-down Tuesday trading. S&P ended down for a third-straight session with equal-weight S&P a notable laggard to the official index. Tone continued to be driven by hawkish repricing of Fed pivot expectations alongside solid economic data and sticky inflation. Another busy day of Fedspeak with Powell noting recent data shows lack of further progress on inflation.
More Episodes
US equities ended lower Tuesday, near worst levels, with stocks more than erasing Monday's modest gains. Market was on the defensive today after hotter Q1 ECI data sparked a rise in Treasury yields. Growth concerns also in the mix after weakest consumer confidence print since July 2022 and lowest...
Published 04/30/24
Published 04/30/24
US equities ended higher Monday, just off best levels, in a mostly uneventful day of trading. The market gave up some strength in the later afternoon after the US Treasury released Q2 borrowing estimates that were marginally higher than the January estimate. Another big earnings week is ahead...
Published 04/29/24