Weekly Market Report for April 24-28, 2023

Weekly Market Report for April 24-28, 2023
  • 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.

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