Evening Market Recap - Thursday, 9-May
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US equities ended higher Thursday, extending the week's upside, with S&P 500 and Nasdaq both on pace for third-straight weekly gains after three-straight weekly declines. The market had a generally constructive tone today, though there is still a lot of anticipation for CPI next week. Weekly initial jobless claims unexpectedly jumped to 231K after weeks near 210K, while continuing claims were in line.
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US equities ended lower Wednesday, not far from their worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 51bps, 27bps, and 18bps respectively. May FOMC minutes discussed "disappointing" data not boosting policymakers' confidence and that disinflation was likely to take longer...
Published 05/22/24
Published 05/22/24
US equities ended mostly higher and near session highs in uneventful Tuesday trading. No big directional drivers in play coming off a four-week rally driven by soft-landing narrative traction. Quiet on the macro front aside from the flurry of Fedspeak and Fed officials not really saying anything...
Published 05/21/24
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