Market Concerns Rise as Semiconductors Suffer Worst Day in More than Four Years Equities finished down on the week by 1.3% as growth and small caps lagged versus defensive sectors. The S&P 500 rallied 10% from its opening low following the crash in Japanese markets a month ago, but investor angst is rising steadily as...
After a bumpy start to the month that is estimated to have triggered a $6.4 trillion global stock sell-off and pushed the S&P 500 index down 7%, equity markets have steadily recovered nearly reaching an all-time high last Friday. Market participants seemed to be preparing for the long holiday weekend as equity markets moved sideways...
Two significant pieces of economic information were released this week. The first was the revision of payroll growth for the 12-month period through March of this year. The revision, which lowered the increase in employment growth by 818,000, was the largest revision since 2009. For those economists that have been forecasting weaker growth in the...