Market Week June 24 2024
Market Week June 24 2024
The Markets (as of market close June 21, 2024)
Wall Street rode a rally in tech and Al stocks for most of last week. The end of the week saw a bit of a downturn, but not enough to keep the benchmark indexes listed here from closing the week higher. The large caps of the Dow led the indexes, followed by the Russell 2000, the Global Dow, and the S&P 500. The Nasdaq inched higher. Despite a dip at the end of the week, crude oil prices posted a second straight weekly gain. Ten-year Treasury yields rose higher after positive economic data prompted the Federal Reserve to refrain from cutting interest rates in the third quarter. The market sectors mostly advanced last week, led by consumer discretionary, financials, and communication services. Utilities declined, while information technology ticked lower.
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The Markets (as of market close May 31, 2024) Stocks rebounded from a sour April, closing higher in May. Investors spent the month focused on job gains, gross domestic product, corporate earnings reports, and inflation data in an attempt to determine when the Federal Reserve might cut interest rates.
The Markets (as of market close May 31, 2024) Stocks rebounded from a sour April, closing higher in May. Investors spent the month focused on job gains, gross domestic product, corporate earnings reports, and inflation data in an attempt to determine when the Federal Reserve might cut interest rates.
In April, stock markets fell amid global tensions and inflation concerns, despite positive job growth and corporate earnings, with some sectors like real estate and technology seeing significant declines, while bond yields rose and the dollar strengthened, and gold prices increased.
Stocks rose last week, led by tech and communication sectors, supported by positive earnings and economic data, despite concerns about rising interest rates and fluctuating commodity prices. Learn more about it in this week’s market summary.
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