Weekly Market Update: July 07, 2023
Major U.S. stock indexes declined lower in the first week of a new quarter as economic data continues to support additional policy rate hikes.
Enjoy this collection of news and insights from our team at American Trust.
Major U.S. stock indexes declined lower in the first week of a new quarter as economic data continues to support additional policy rate hikes.
When two worlds collide, there is bound to be a spectacle. This past weekend, Cincinnati experienced such a collision as the city teemed with an influx of music and sports enthusiasts.
Major U.S. stock indexes ended the holiday-shortened week lower, snapping their respective winning streaks.
Major U.S. stock indexes rallied last week off the news of the Federal Reserve holding the official federal funds target rate steady - breaking a string of ten consecutive meetings with rate hikes.
Major U.S. stock indexes ended the week higher as the S&P 500 Index established a new bull market, up more than 20% off its lows in October of last year.
U.S. stock prices ended the holiday-shortened week higher as debt ceiling negotiations and strong jobs data sent the S&P 500 to its highest intraday level since midAugust 2022. In contrast with recent weeks, the rally was broad-based, with gains coming from both value and growth stocks.
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U.S. stock prices were mixed last week as investors grappled with concerns about the debt ceiling, stubbornly high inflation, and a resilient U.S. consumer.
U.S. stock prices were able to move higher last week as investors showed optimism that a resolution on the debt ceiling will be met ahead of the House vote.
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