Rate Cut Hopes Grow
The markets finished slightly higher this week as investors eagerly await the next round of earnings announcements.
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.
Believe it or not, investors are once again looking for interest rate cuts sooner rather than later.
The Federal Reserve met this week and kept the federal funds rate intact to the surprise of no one.
he Commerce Department released Gross Domestic Product (GDP) this week for the first quarter and growth came in at 1.6%, which was lower than most economists had predicted.
Both the S&P 500 and the Nasdaq sold off this week as the volatility index rose to its highest level this year.