Unify Financial Advisors Weekly Market Update
Equities extended their gains last week, with the S&P 500 and Nasdaq Composite both closing at record highs as strong corporate earnings supported investor sentiment. With 63% of S&P 500 companies having reported Q1 2026 EPS, 84% beat estimates, according to FactSet.
Economic data reflected steady growth with some mixed trends. The Federal Reserve held interest rates unchanged, noting solid activity alongside persistent inflation. PCE, the Fed’s preferred inflation gauge, increased from the prior month, while PCE Core, which excludes food and energy, declined. Gross domestic product (GDP) accelerated in the first quarter, supported by gains in government spending, exports, and business investment, though consumer spending moderated.
Weekly Outlook
Attention will turn to the April employment report, following March’s stronger-than-expected job gains. It’s a busy week for earnings, with 126 S&P 500 companies scheduled to report this week.
Please read the full Market Week report for additional details on last week’s market and economic activity.
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Thank you for reading! You are welcome to contact me directly with questions or comments.
Regards,
David Bennett
Regards,
David Bennett