Weekly Market Drivers | LPL Financial Research

Stocks Meander Through Holiday-Shortened Week.

US: S&P 500 Index -0.1%, Dow +0.6%, Nasdaq +0.2%
Europe: STOXX Europe 600 +0.8%, German DAX +1.9% France CAC 40 +1.4%, U.K. FTSE 100 +0.5%
Asia: Japan Nikkei +1.0%, China Shanghai Composite +1.9% Korea KOSPI -0.9%
Rates/Commodities: 10-Year Treasury yield +7 basis points to 2.56%, WTI crude oil +0.8%, COMEX gold: +0.0%

Major U.S. indexes continue to hover near all-time highs, but little changed this week amid sustained weakness in healthcare stocks and as investors shrugged off indications that a U.S.-China trade deal may soon come to fruition.

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Too High or Too Low?

The U.S. inflation narrative has flipped, which has caused some bond-market angst recently.

Deteriorating global conditions have shifted the economic landscape and fueled concerns that inflationary pressures could be too low, hinting to an impending U.S. economic slowdown. The 10-year Treasury yield slid to a 15-month low in March as bond investors priced weakening inflation into rates, briefly inverting the yield curve (short-term rates moving higher than longer-term rates).

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Weekly Market Drivers | LPL Financial Research

Late-Week Gains Gush U.S. Equities Into Positive Territory

US: S&P 500 Index +0.5%, Dow -0.1%, Nasdaq +0.6%
Europe: STOXX Europe 600 -0.18%, German DAX -0.1% France CAC 40 +0.5%, U.K. FTSE 100 -0.4%
Asia: Japan Nikkei +0.3%, China Shanghai Composite -1.8% Korea KOSPI +1/1%
Rates/Commodities: 10-Year Treasury yield +7 basis points to 2.56%, WTI crude oil +0.8%, COMEX gold: +0.0%

U.S. stocks traded in a tight range this week before a string of bank earnings on Friday boosted the S&P 500 Index comfortably into positive territory. Continue reading