Tag: Consumer Discretionary

Markets closed lower last week as investors reacted to weaker-than-expected economic data and lingering inflation worries. The S&P 500 declined 1.66%, driven by underperformance in consumer discretionary and communication services sectors. Bond prices gained on increased demand, pushing yields lower. Crude oil prices fell for the third consecutive week, while gold prices advanced. Housing market data showed mixed results. Housing starts were down 9.8% in January, reflecting caution ...