Weekly Market Recap, Friday 28-Jun
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Description
US equities ended mostly higher this week with solid performances from big tech (though Nvidia again underperformed). The big focus this week was on some disappointing key corporate updates, the Trump-Biden presidential debate, the May PCE report, and a continued volatile macro narrative. Core PCE inflation was in line with consensus with April revised slightly upward.
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Published 06/28/24
US equities finished higher in Thursday trading after an up-and-down session that saw official S&P performance a hair behind the equal-weight index. It was a fairly quiet and uneventful session, though there were a few dynamics at play. Today's mixed economic data and cautious consumer...
Published 06/27/24
US equities ended mostly higher in fairly quiet Wednesday trading, with the Dow Jones, S&P500, and Nasdaq closing up 4bps, 16bps, and 49bps respectively. May new home sales missed. Architecture Billings Index declined in May to its lowest level since August 2020. Today's $70B auction of...
Published 06/26/24
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