Unify Financial Advisors Weekly Market Update
U.S. stocks finished a volatile week mostly lower as concerns about corporate borrowing and spending weighed on AI-related technology shares. Investors shifted toward health care, financials, utilities, and consumer staples, helping small-cap stocks outperform. The Dow finished slightly higher, while the Nasdaq and S&P 500 declined.
Economic data showed continued weakness in housing permits and starts, while unemployment claims declined modestly. Gasoline prices eased from the previous week but remained significantly higher than a year earlier. Oil prices rose for a third consecutive week amid concerns about a widening conflict in the Middle East.
Weekly Outlook
The Federal Open Market Committee meets this week, with a high probability of leaving rates unchanged. Earnings from Boeing, Microsoft, Google, and Amazon will also be in focus.
Please read the full Market Week report for details on last week’s market and economic activity.
Follow us on Facebook for these weekly updates and articles at Unify Financial Advisors Facebook Page.
Regards,
David Bennett, CFA, CFP