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

The Strength of the Market is: Strong but Weakening

Wall Street was volatile last week with pressure from a spike in oil prices and rising inflation expectations - the S&P 500 was up 0.45% and Dow Jones advanced 0.79%, while the Nasdaq was down 0.18%. Investors are fearful that the Israel-Hamas war could escalate. Though, interest rates are still the main worry, especially with inflation inching higher in recent months.

Economic reports from last week came back mostly negative:

•Small Business Optimism - lower than expectation

•Consumer Sentiment - lower than expectation

•Jobless Claims - lower than expectation

This week, investors will look for guidance from economic reports like Manufacturing, Retail Sales, Housing and Jobless Claims.


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