Market Pulse

Market Pulse

April 8, 2024

Market views heading into the week highlight what we're watching and important news ahead.

A look back

  • After a strong first quarter, stocks took a breather last week. The S&P 500 dropped by about 1% on the week, with international developed markets falling more than 1%. Emerging markets finished the week higher.
  • U.S. Treasury yields rose on the week, lifted by stronger-than-expected economic data and pushed out bets for the first Federal Reserve rate cut.
  • The labor market remains strong as the U.S. added another 303,000 jobs during March. The jobs report also showed that the unemployment rate ticked down to 3.8% from 3.9%. 

A look ahead

  • Several key inflation readings will be released this week. The Consumer and Producer Price Indices will show if January and February were short deviations from the downward trend or not.
  • First quarter earnings season will kick off at the end of the week. Several large financial institutions will release results.
  • Economic Releases: Consumer and Producer Price Indices, NFIB Small Business Optimism, FOMC Meeting Minutes, Import and Export Prices, U. of Michigan Consumer Sentiment.

The latest research & insights

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