Stocks finished higher last week despite some choppy trading sessions as investors grappled with several geopolitical concerns. TheS&P500 finished up 0.8% on the week, while the Dow advanced 0.5% and the tech-heavy Nasdaq pushed higher by 1.8%.
As we come out of the holiday weekend, investors have their eye on the beginning of first quarter earnings season amid a backdrop of fresh geopolitical concerns and tensions around the globe.
Last week was the beginning of a new quarter and it was full of market moving events that included a couple geopolitical stories, news from the Federal Open Market Committee and important economic data.
Today marked the final trading day of the quarter and it has been an impressive one for the U.S. equity markets. U.S. stocks finished the day to the downside due mostly to end of quarter posturing to finish the week in the negative but the quarter was worth noting.
US stocks climbed higher and then retreated late in the session on Friday as investors awaited the results of a postponed vote in Washington on the new health care bill. The vote on new health care legislation that would replace the Affordable Care Act was originally scheduled for Thursday, but was postponed after several Republican opponents failed to get behind the bill.
Two main stories are pushing U.S. stocks lower this morning – U.S. missiles strikes at a Syrian airfield and a lackluster jobs report. In early trading, the Dow, S&P500 and Nasdaq are all in the red.
U.S. stocks are responding favorably this morning to an impressive jobs report from payroll firm ADP. The report which is a pre-cursor to the non-farm payroll report due out on Friday showed that employers added 263,000 private sector jobs in March which was up from a revised report in February of 245,000.
US stocks continued their downward trend Tuesday as investors appeared cautious ahead of this week’s meeting between President Donald Trump and Chinese President Xi Jinping.
Today marks the beginning of a new week, a new month and a new quarter and that is about as exciting as it gets here as U.S. stocks have kicked off the day relatively flat. Following a first quarter that saw the three major U.S. indices grow from 4.6% to 9.8%, investors are waiting to see what the market movers will be in Q2.