Weekly Market Recap, Friday 26-Apr
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US equities were higher for the week, with the S&P breaking a streak of three straight weekly declines and the Nasdaq up after four weeks down. Corporate earnings were a big part of the week's narrative, with investors taking in reports from 158 S&P constituents--including several highly anticipated megacap tech firms. April flash PMIs came in broadly below consensus, reflecting an overall reduction in orders for the first time in six months and companies scaling back employment for the first time in nearly four years.
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US equities ended mixed in Wednesday trading, with the Dow Jones closing up 44bps, while the S&P500 finished flat and the Nasdaq down 18bps. Fed's Collins said getting to 2% target inflation may take longer than expected. Today's auction of $42B of 10-year notes tailed after yesterday's...
Published 05/08/24
Published 05/08/24
US equities ended mostly higher Tuesday in a fairly uneventful trading session. The Fed's Kashkari said he questions policy restrictiveness given inflation data and was the latest central banker to talk about a higher neutral. Today's auction of $58B of 3Y notes stopped through with help from...
Published 05/07/24