The S&P 500 broke a four-week losing streak with modest gains last week, rising 0.51%. All 11 sectors advanced, with notable strength in financials, health care, and information technology.
As expected, the Fed held interest rates steady last week while acknowledging solid economic activity and a tight labor market. Inflation remains somewhat elevated, but the central bank’s outlook now includes expectations for easing later this year.
This week, investors will weigh the final fourth-quarter GDP reading and the latest Personal Income and Outlays report for February.
Reminiscent of the stock market, college hoops fans could have plenty to cheer and stress about as the NCAA Sweet Sixteen tips off on Thursday. The Florida Gators are my pick to go all the way. Who is your favorite to win this year’s NCAA Men’s Basketball Tournament?
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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Regards,
David Bennett