FactSet Evening Market Recap Factset
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StreetAccount U.S. Evening Market Recap is FactSet's daily podcast aiming to capture the most material market moving news. With a target time of ~5 minutes, this is an ideal listen for those looking to stay connected to the most important themes driving the U.S. economy & corporations.
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Weekly Market Recap - Friday, 24-May
US equities were mixed this week though the Nasdaq posted a fifth-straight weekly gain while the S&P 500 finished fractionally higher for a fifth-straight gain. Data also skewed positive this week, including May flash manufacturing and services PMIs both ahead of consensus, including flash composite PMI the highest in two years. Nvidia earnings were the highlight of this week's batch of results.
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Evening Market Recap - Thursday, 23-May
US equities ended down Thursday, near session lows. Market mood is negative today, with solid economic data contributing to the good-news-is-bad-news dynamic and adding some more support to the higher-for-longer Fed narrative. However, major market indices are getting some support from Nvidia’s NVDA beat and raise against a high bar.
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Evening Market Recap - Wednesday, 22-May
US equities ended lower Wednesday, not far from their worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 51bps, 27bps, and 18bps respectively. May FOMC minutes discussed "disappointing" data not boosting policymakers' confidence and that disinflation was likely to take longer than previously thought. April existing home sales missed, though March sales revised higher and inventory dynamics continued to improve. Goldman CEO Solomon said he doesn't see Fed cutting rates this year. nVidia beat on earnings and guidance, raised its dividend and announced a stock split.
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Weekly Market Recap - Tuesday, 21st May
US equities ended mostly higher and near session highs in uneventful Tuesday trading. No big directional drivers in play coming off a four-week rally driven by soft-landing narrative traction. Quiet on the macro front aside from the flurry of Fedspeak and Fed officials not really saying anything new with next key inflation data point still a few weeks away.
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Evening Market Recap - Monday, 20-May
US equities ended mostly higher Monday in a fairly quiet, rangebound session. No meaningful impact from Middle East developments, but the market is still closely monitoring the news. Nothing on the economic calendar today, though it’s been a busy day in Fedspeak.
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Weekly Market Recap - Friday, 17th May
US equities were modestly higher this week, with major indices logging their fourth consecutive week of gains. It was a week of renewed momentum for some meme stocks, including GME +27.2%. April core CPI was in line with the headline a bit softer than expected. It was a lighter week for Q1 earnings, with only seven S&P constituents reporting. Overall, the season continues to come in better than expected.