A look back
- The S&P 500 posted its fifth-consecutive weekly gain, rising 0.9% and ending the week at a new all‑time high. International developed markets gained nearly 1.0%, while emerging markets fell 0.5% but remain more than 14% higher in 2026.
- U.S. Treasury yields moved sharply higher during a week in which the Federal Reserve held rates steady at its policy meeting. The 10‑year yield finished near recent highs at 4.38%.
- The advance reading of first quarter Gross Domestic Product (GDP) highlighted notable resilience, with the U.S. economy growing at a 2.0% annualized pace. Business spending was the largest contributor, surging 6.2%.
A look ahead
- Developments in the Middle East remain a key focus as the Strait of Hormuz stays effectively closed and U.S. oil prices hover near multi‑year highs. Labor market data will also be in focus, with the April Jobs report released on Friday.
- First‑quarter earnings season is well underway, with 63% of S&P 500 companies having reported so far. Growth has accelerated and beat rates remain well above historical averages, with another roughly 120 companies set to report this week.
- Economic releases: JOLTS Job Openings, New Home Sales, 1Q Productivity, Nonfarm Payrolls, Unemployment Rate.
Our full report is reserved for clients only. Let’s work together.
A caring advisor can help you uncover opportunities and take on challenges—and provide greater confidence, clarity, simplicity, and direction.