4 min
Evening Market Recap - Tuesday, 16-April FactSet Evening Market Recap
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- Business News
US equities finished mostly lower in up-and-down Tuesday trading. S&P ended down for a third-straight session with equal-weight S&P a notable laggard to the official index. Tone continued to be driven by hawkish repricing of Fed pivot expectations alongside solid economic data and sticky inflation. Another busy day of Fedspeak with Powell noting recent data shows lack of further progress on inflation.
US equities finished mostly lower in up-and-down Tuesday trading. S&P ended down for a third-straight session with equal-weight S&P a notable laggard to the official index. Tone continued to be driven by hawkish repricing of Fed pivot expectations alongside solid economic data and sticky inflation. Another busy day of Fedspeak with Powell noting recent data shows lack of further progress on inflation.
4 min