ClearWater Market Commentary as of May 19th, 2023
Stocks seemed to waver a bit on Friday, however, after Republican negotiators announced that they had decided to “press pause” in discussions.
Stocks seemed to waver a bit on Friday, however, after Republican negotiators announced that they had decided to “press pause” in discussions.
The major indexes ended mixed for the week as the flow of first-quarter earnings reports neared its end.
Despite a rally on Friday, the S&P 500 Index ended the week lower on comments from Federal Reserve Chair Jerome Powell that suggested a pivot to cutting rates might not occur as quickly as the market had hoped.
Stocks recorded mixed returns as attention focused on the season’s busiest week of quarterly earnings reports.
ClearWater Market Commentary as of May 26th, 2023
The major benchmarks ended mixed as investors watched carefully for signs of progress in negotiations over raising the federal debt ceiling.