Market views heading into the week highlight what we're watching and important news ahead.
Investment Advisory Group
Truist Advisory Services, Inc.
A look back
Last week the S&P 500 reached its 50th all-time high in 2024 alone. The index pushed 4.7% higher while small- and mid-caps soared 8.6% and 6.3%, respectively. International developed markets advanced 3.4% on the week.
U.S. Treasury yield movements were relatively muted during a week in which the Federal Reserve (Fed) cut rates, with the 2-year yield ticking higher to 4.25% and the 10-year ending the week a touch lower, at 4.29%.
A preliminary reading of consumer sentiment from the U. of Michigan Consumer Sentiment Survey rose to its highest level since April.
A look ahead
In a quiet week relative to the last few, many investors will tune in to various Fed official speaking engagements and await the release of the October Consumer Price Index data.
With third quarter earnings season nearly over, only a handful of S&P 500 companies will report this week, capping off another strong earnings season.
