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.
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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.