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Weekly Financial Market Update - April 26, 2018

Christopher LaPorta

April 29, 2019


Corporate earnings were the main focus among investors last week. It was the busiest week of the first quarter earnings reporting season with more than 140 S&P 500 companies releasing quarterly results. The S&P 500 experienced subdued moves mid-week as gains in stocks that reported better-than-expected earnings were largely offset by declines in stocks that reported disappointing results. Favorable earnings reports on Tuesday and strong first quarter U.S. economic growth propelled the S&P 500 to a record close of 2,939.88, surpassing the previous high set on September 20, 2018.

Read the entire Weekly Financial Market Update for information on oil prices, the U.S. first quarter 2019 Gross Domestic Product (GDP), and the significant change in the core Personal Consumption Expenditure (PCE) Price Index which is the Fed's preferred measure of inflation.