top of page
Strength of the Market
a weekly blog on what's happening in Financial Markets
Search

The Strength of the Market is: Strong

On Friday, the Nasdaq Composite rose to an all-time high, surpassing its 2021 record. On a weekly basis, the Nasdaq added 1.74%, while the S&P 500 rose 0.95%. Both indexes notched their seventh positive week over the last eight weeks. The Dow Jones was the laggard, being down 0.11%. With stocks at all-time highs, investors are enthusiastic over Artificial Intelligence and slowing inflation.

 

Economic reports from last week came back mostly negative:

•New Home Sales - lower than expectation

•Pending Home Sales - lower than expectation

•Consumer Confidence - lower than expectation

•Consumer Sentiment - lower than expectation

•Construction Spending - lower than expectation

•Personal Income - higher than expectation

•Jobless Claims - higher than expectation

 

This week, investors will look for guidance from economic reports like Employment, Job Openings, Consumer Credit and Jobless Claims.

Comments


bottom of page