Unify Financial Advisors Weekly Market Update
Markets moved higher last week on easing concerns over U.S.-Iran tensions and renewed IA optimism. Major indexes posted gains, with the S&P 500 extending its winning streak and the Dow reaching new highs. Strong durable goods orders and faster first-quarter GDP growth also helped support markets.
Economic data showed contrasting trends, as inflation remained elevated and new home sales declined, while the trade deficit narrowed and consumer spending increased modestly. Unemployment claims edged higher but remained relatively stable.
Weekly Outlook
Investors will be watching the May jobs report for further insight into labor market conditions. Employment growth has improved in recent months, making this week’s data an important gauge of economic momentum.
Please read the full Market Week report for details on last week’s market and economic activity.
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David Bennett