Weekly Financial Update - April 5, 2019
April 7, 2019
All three major U.S. equity indexes started the second quarter on a high note. The S&P 500 Index climbed 2.1% to finish last week at 2,892.74 following its best first quarter performance in over two decades. In U.S. government bond markets, the difference between the three-month Treasury bill and the ten-year Treasury note (often referred to as the yield curve) increased from negative territory last week to about 0.07% by last Friday’s close.
Investors cheered better-than-expected manufacturing sector data from both China and the United States early in the week. China’s manufacturing sector unexpectedly returned to expansion territory for the first time in four months.
Learn more in our Weekly Financial Market Update.