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Weekly Financial Market Update - April 18, 2019

Christopher LaPorta

April 19, 2019

The S&P 500 Index traded in a relatively narrow range between 2,890 and 2,915 during a holiday-shortened week as first quarter earnings season began in earnest. The U.S. bond market was mostly calm, as yields on the benchmark U.S. 10-year Treasury bond finished the week at 2.56%, which was their closing level last Friday. In commodities markets, crude oil prices digested month-to-date gains and traded near $64 per barrel all week.

Most of the 49 S&P 500 companies that reported first quarter results exceeded profit expectations. Yet, this market tailwind was offset by significant weakness in the healthcare sector related to concerns about the potential effects on the business models of healthcare providers and insurers of presumptive Democratic Presidential primary candidates’ healthcare reform agendas.

Learn more about these topics and results of March U.S. retail sales in our Weekly Financial Market Update