Weekly Financial Market Update May 4, 2018
May 7, 2018
Despite losses early last week, the Dow Jones Industrial Average and S&P 500 Index rallied last Friday to end the week just off of the week of April 23rd's close.
The Federal Reserve held its key interest rate steady last Wednesday but noted that inflation has climbed close to its 2.0% goal.
Moreover, U.S. job growth increased less than expected in April but the unemployment rate dropped to a near 18-year low of 3.9% as some jobless Americans left the labor force and wages barely rose last month, which could ease concerns that inflation pressures are rapidly building up, keeping the Fed on a gradual path of monetary policy tightening.
Please click the link below to learn more about Apple Inc.'s comeback in the stock market as well as concerns over the inflation rate in relation to the U.S. job market.