Stock markets across the globe posted mixed results for the week; the Nasdaq Composite and S&P 500 index advanced, whereas the Dow Jones Industrial Average retreated.
The major global equity markets saw mixed results for the week. Asian indexes declined, whereas European and U.S. indexes posted modest gains.
The major U.S. market indexes pulled back during a choppy week triggered by higher than expected April inflation and persistent signals of labor market tightness.
Despite a lackluster jobs report, U.S. stocks broadly gained for the week as worries about interest rates receded. The Dow Jones Industrial Average and the S&P 500 index advanced, while the Nasdaq Composite retreated.
U.S. stocks brushed off solid earnings, an uneventful Fed meeting and strong economic data, and ended the week mixed
U.S. stocks brushed off solid earnings, an uneventful Fed meeting and strong economic data, and ended the week mixed. Stocks in Europe and Asia were also weaker. However, despite last week’s softness, U.S. stocks broadly gained for the month of April.
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.