Investment Week at a Glance
Stocks finished higher for the week. The Dow Jones Industrial Average rose 1.2%, the S&P 500 was up 1.5%, and the NASDAQ rose 2.2%. Foreign stocks (MSCI EAFE) were also up, rising 0.7%. Bond prices were down for the week, with the 10-year U.S. Treasury ending the week at 4.50%. (Data source: Wall Street Journal)
Labor Market Remains Strong
Investors were paying close attention to the jobs report, as there were concerns about how it would look, given the government’s plans to cut jobs. However, the report was strong as the economy added 139,000 jobs and unemployment held steady at 4.2%. Government jobs did fall by 22,000, the largest monthly decline since 2020 for federal employment. Markets took well to these numbers as well as wage growth continued to outpace inflation, a good sign the consumer can stay strong.
2-Months Since the Low
Just two months ago, markets were all doom and gloom as the S&P was nearly down 20% and fear was near all-time highs. Now we are back within reach of a new all-time high on the S&P 500 and last week the MSCI All Country World Index, a proxy for global equities, reached an all-time high. Economic data has continued to be resilient despite the noise and corporate earnings rose 12.5% year-over-year for the 1st quarter. While there are still worries ahead, market sentiment has shifted quickly over the past 60 days.
Warner Bros. Discovery to Split into Two Public Companies
Warner Bros. Discovery plans to split into two public companies by next year as the media industry continues its shakeup. This news sent the stock higher as there are hopes that the two companies separated will be able to have more success. The company will split into a streaming company and a traditional TV studio company. Investors will hope this split can turn around the company as over the past 5 years the stock is down over 50% as the media landscape has drastically changed. (CNBC)
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Quiz:
What in the US national Debt currently? (Scroll Down for Answer)
- $36.2 trillion
- $39.7 trillion
- $41.9 trillion
- $44.4 trillion
Answer:
- $36.2 trillion, the national debt is getting more attention as Trump and Musk clashed last week as debates of the “Big Beautiful Bill” continue.
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