Market Pulse

Market Pulse

April 29, 2024

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

A look back

  • Stocks bounced back from three straight weeks of declines with the S&P 500 gaining 2.7%. The technology sector led as first quarter earnings reports were largely better than expected.
  • Yields rose again with the 2-year U.S. Treasury yield briefly topping 5% on Thursday. The 10-year yield closed the week at 4.66%.
  • Q1 GDP came in below expectations, growing at an annualized rate of 1.6% and decelerating from the fourth quarter’s 3.4% pace. Meanwhile, Core Personal Consumption Expenditures (PCE), a key inflation measure, came in slightly hotter than expected in March.

A look ahead

  • Stocks bounced back from three straight weeks of declines with the S&P 500 gaining 2.7%. The technology sector led as first quarter earnings reports were largely better than expected.
  • Yields rose again with the 2-year U.S. Treasury yield briefly topping 5% on Thursday. The 10-year yield closed the week at 4.66%.
  • Q1 GDP came in below expectations, growing at an annualized rate of 1.6% and decelerating from the fourth quarter’s 3.4% pace. Meanwhile, Core Personal Consumption Expenditures (PCE), a key inflation measure, came in slightly hotter than expected in March.

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