- Markets
- S&P 500 +0.9%
- Dow Jones Industrial Average +0.9%
- NASDAQ +2%
- Russell 2000 -1.2%
Domestic equity markets finished the week higher. Earnings season kicked into high gear this week as many companies delivered first-quarter results. Major companies like Google and Microsoft beat earnings estimates. Since these companies comprise a large chunk of the S&P 500, their outperformance helped to boost the index as a whole. As we continue to follow the inflation narrative, Federal Reserve officials failed to commit to rate hikes at the next meeting. This would mean a pause to rate hikes and likely boost the S&P 500.