Unify Financial Advisors Weekly Market Update
Wall Street enjoyed solid gains this past week, buoyed by encouraging signs of progress in the U.S.-China trade dispute and strong first-quarter earnings reports. All major indexes were positive, with the S&P 500 gaining 4.59%. Of the 180 S&P 500 companies reporting, a robust 73% exceeded earnings expectations.
On the economic front, durable goods orders rose significantly by 9.2% in March, marking three consecutive months of gains, primarily driven by transportation equipment orders, which surged 27%. Housing data showed mixed signals: new home sales rose 7.4% in March, while existing-home sales declined by 5.9% from the previous month.
Looking Ahead
As April wraps up, a heavy dose of economic data and earnings reports could be a healthy distraction for investors from the persistent tariff worries. Economic data releases, including the initial first-quarter GDP report, personal income and expenditures for March, and the April jobs report, combined with Big-Tech earnings reports from Amazon, Apple, Meta, and Microsoft, will be watched closely and influence markets.
Unify Financial Advisors Celebrates 2nd Anniversary
This week, Unify Financial Advisors proudly celebrates our second anniversary on Friday, May 2. We sincerely thank our valued clients and dedicated team for your support and trust over the years.
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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Thank you for reading! You are welcome to contact me directly with questions or comments.
Regards,
David Bennett