6 min
Weekly Market Recap, Friday 26-Apr FactSet Evening Market Recap
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- Business News
US equities were higher for the week, with the S&P breaking a streak of three straight weekly declines and the Nasdaq up after four weeks down. Corporate earnings were a big part of the week's narrative, with investors taking in reports from 158 S&P constituents--including several highly anticipated megacap tech firms. April flash PMIs came in broadly below consensus, reflecting an overall reduction in orders for the first time in six months and companies scaling back employment for the first time in nearly four years.
US equities were higher for the week, with the S&P breaking a streak of three straight weekly declines and the Nasdaq up after four weeks down. Corporate earnings were a big part of the week's narrative, with investors taking in reports from 158 S&P constituents--including several highly anticipated megacap tech firms. April flash PMIs came in broadly below consensus, reflecting an overall reduction in orders for the first time in six months and companies scaling back employment for the first time in nearly four years.
6 min