Market Rally Masks Underlying Imbalances
Last week saw all five major indices gain with new highs. However, mid to small-cap segments posted losses, showing an uneven performance.
Last week saw all five major indices gain with new highs. However, mid to small-cap segments posted losses, showing an uneven performance.
The major markets ended the Memorial Day week with losses, but the S&P 500 gained 4.8% for the month, its second-best of the year.
Last week saw mixed market results: the Nasdaq rose 1.4%, the Dow Jones fell 2.3%, and the S&P 500 stayed flat. The Nasdaq and S&P 500 hit new highs.
Last week, all major markets gained, with the S&P 500 hitting a new all-time high. Mixed economic data saw the PPI rise unexpectedly, but a lower-than-expected CPI boosted markets. Expectations for two rate cuts this year have increased, and bond markets saw a positive rebound.
Last week, major markets saw gains with the Dow Jones leading, followed by the S&P 500 and MSCI World Index.
The S&P 500 index rose 1.9% this week, marking its third consecutive week of gains as earnings reports were mostly above expectations.
Markets rebounded after April’s weakness: The S&P 500 saw a slight gain but marked its first monthly loss since October.
"*" indicates required fields