Consumer Price Index Archives - Page 4 of 4

Weekly Market Update – 1.22.2024

Last week, the December retail sales report showed strong consumer spending to finish 2023. Consumer sentiment soared this January to 78.8 from 69.7 in December. Optimism created from lower expected inflation and higher wages contributed to sentiment climbing a cumulative 29%, the largest two-month increase since 1991 as a recession ended. The S&P 500 hit an all-time high of 4840 on Friday, capping the week with a 1.19% gain. As we move into this week, the spotlight turns to the ...

Weekly Market Update – 1.9.2024

Last week, positive jobs and wage data ended the nine-week rally for US equities, with the S&P 500 declining by 1.5%. A factor in the lower 3.7% unemployment rate and the creation of 216K new jobs in November was increased hiring in the government sector, which may not continue. Wages grew by 4.1% compared to last year, supporting US households but raising concerns about inflation, as higher wages can lead to increased costs, especially in the labor-intensive service sector. This week, ...

Weekly Market Update – 11.20.2023

Last week, the S&P 500 registered a 2.31% gain, marking a three-week upward trend in stocks. Interest rates fell in response to moderate inflation data and decreased consumer spending, signaling a promising yet cautious economic scenario. In its recent earnings report, Walmart beat expectations and shared insightful observations on inflation and consumer behavior during its earnings call. The company noted deflation in most grocery categories, excluding beef, dry, and canned goods, and ...

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Tag: Consumer Price Index

Weekly Market Update – 1.22.2024

Weekly Market Update – 1.9.2024

Weekly Market Update – 11.20.2023

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