Unify Financial Advisors Weekly Market Update
After bouncing back from the prior week’s sell-off, the S&P 500 gained 2.43% last week, led by technology and consumer stocks. Markets were volatile, reacting to new tariffs and weaker job data, but finished strong on Friday as expectations grew for a possible Fed rate cut in September.
The U.S. trade deficit narrowed in June, down 16% from May, as exports and imports declined. Services sector activity accelerated, with the S&P Global U.S. Services PMI hitting a seven-month high of 55.7 in July.
Weekly Outlook
This week will focus on July’s inflation data, with CPI and PPI reports due. June saw CPI rise 0.3% while PPI was flat, which could influence the Fed’s next move on interest rates. Read the full Market Week report for details on last week’s market and economic trends.
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