Did the Fed Wait Too Long?
Investors continued to take gains and head for the exits this week as signs of an economic slowdown grow.
Investors continued to take gains and head for the exits this week as signs of an economic slowdown grow.
Sector rotation continued this week as the Nasdaq moved 2% lower on technology sector weakness, albeit with a bit of a recovery today.
The end of the trading week saw a big decline in the Dow Jones Industrial Average, S&P 500, and the Nasdaq with major selloffs in all three on Thursday and Friday.
The markets headed higher this week as new data on inflation shows prices stabilizing and, in some cases, even falling.
The markets finished slightly higher this week as investors eagerly await the next round of earnings announcements.
In case you hadn’t noticed, and the heat wasn’t a reminder, we have now finished the second quarter and are officially entering summer.
The Bureau of Labor Statistics released job data this week and the unemployment rate ticked up to 4%.
As has been the case in recent weeks, the Nasdaq continues to pull ahead of both the S&P 500 and the Dow Jones Industrial Average.
There was a substantial amount of news released this week, having a modestly positive effect on markets.
It was a mixed week as far as markets were concerned.