Modest loss masks busy week
Modest loss masks busy week
This week's action in the stock market was underscored by persistent resilience to selling efforts, but ultimately the market could not avoid a lower finish with the S&P 500 losing 0.4% for the week.
The modest loss masked a week that was jam-packed with news developments, starting with some optimism surrounding trade talks between officials from the U.S. and China, followed by an encouraging CPI report for May, indications of trade deals with India, Mexico, and Canada taking shape, and ending with concerns about the impact of an escalating conflict between Israel and Iran.
Like stocks, Treasuries finished the week on a lower note, but unlike stocks, they held onto a portion of their gains from this week.
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8076115.1 (Exp. 09/25)