5 min
Evening Market Recap - Thursday, 18-Apr FactSet Evening Market Recap
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- Business News
US equities finished mostly lower in Thursday trading, ending near worst levels. For the second straight day, the market's bounce attempt ran out of gas, though not much behind today's weakness, with rates the easiest excuse as the 2Y is back near year to date highs. The April Philadelphia Fed manufacturing index notably improved month over month, hitting its highest level since April 2022, while employment remained in contraction.
US equities finished mostly lower in Thursday trading, ending near worst levels. For the second straight day, the market's bounce attempt ran out of gas, though not much behind today's weakness, with rates the easiest excuse as the 2Y is back near year to date highs. The April Philadelphia Fed manufacturing index notably improved month over month, hitting its highest level since April 2022, while employment remained in contraction.
5 min