Weekly Global Perspectives

Stocks advanced for the week in Europe and the United States, but retreated in Asia. The upturn was partly attributed to greater recovery optimism after the strong March employment report.

Global stock markets advanced in a holiday-shortened week; U.S. stocks turned in a strong March and first quarter. The brightening economic outlook drove a shift from growth toward cyclical companies; value and small-cap stocks outperformed.

After early wavering in the week, U.S. stocks regrouped and raced to a strong finish. The Dow Jones Industrial Average and the S&P 500 index pushed above recent highs but the NASDAQ Composite declined.

U.S. stocks declined during a week of choppy trading sessions. Only three S&P 500 sectors – communication services, healthcare and consumer staples – posted modest gains; the worst decliners were energy, financials and technology.

U.S. stocks finished the week higher; the brightening economic outlook and higher U.S. Treasury yields continued to propel rotation into cyclical/value stocks.

Stocks ended a volatile week with mixed results. Investors shifted from big technology companies to cyclicals expected to benefit from a recovering economy.

Global stock markets retreated and volatility intensified. Expectations of higher interest rates drove a shift from growth and momentum towards cyclical and value styles.

Stock markets saw mixed results as volatility ticked up. The Dow Jones Industrial Average advanced; the S&P 500, NASDAQ Composite and Russell 2000 indexes retreated.

U.S. stocks advanced, buoyed by progress toward fresh stimulus, better than expected corporate earnings and widening rollouts of COVID-19 vaccines. Asian and European markets also gained.

Stock markets rebounded strongly after last week’s selloff. The major Asian, European and U.S. indexes all posted solid gains.