S&P 500 News: Market sheds a sliver following best-performing week of year
The S&P 500 index opened higher on Monday but somewhat gingerly.
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The S&P 500 index opened higher on Monday but somewhat gingerly.
Stocks are trading higher Friday, with the S&P 500 on pace for a ~6% gain for the week as investors have been reacting to a favourable mix of Goldilocks growth data and a Fed policy pivot that has brought rates down by ~40bp, as well as a generally constructive third week of earnings season that has helped to lift several stocks that set-up into the quarter with meagre expectations.
As the Federal Reserve puts a hold on interest rates, investors have to ask themselves whether the elevated inflation rate is also on hold.
The Dow Jones Industrial Average (DJIA) has been making gains this week as investors recover from the past two weeks’ major sell-off.
Chief investment officer and founder of DoubleLine Capital, Jeff Gundlach is warning of what he thinks could be the next financial crisis for the market.