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.
The major benchmarks ended mixed as investors watched carefully for signs of progress in negotiations over raising the federal debt ceiling.
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.
The major benchmarks ended mixed following a week in which first-quarter earnings reports seemed to grab the spotlight from a relatively light economic calendar.
The major benchmarks ended the week higher, as investors weighed slowing growth signals against signs that inflation pressures were receding a bit more than expected.
The major equity indexes posted solid gains in a relatively quiet week for economic data releases and financial news.
The major equity indexes posted solid gains in a relatively quiet week for economic data releases and financial news.
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ClearWater Market Commentary as of June 2nd, 2023
The major benchmarks ended with solid gains for the week, with the S&P 500 Index touching its highest intraday level since mid-August 2022.