Company / Analytics

Analytics, 09 April 2023

Week 14 in Brief

North America

Major U.S. stock indexes ended higher on Thursday, helped by a rally in Alphabet shares as investors, worried about a slowing economy, looked to upcoming jobs data.

Adding to recent data hinting at a weak labor market, initial jobless claims fell to a seasonally adjusted 228,000 for the week ended April 1, versus expectations of 200,000 claims.

With some investors away during a shortened holiday week, volume on U.S. exchanges was relatively light, with 9 billion shares traded, compared to an average of 12.7 billion shares over the previous 20 sessions.

How did the Major Indices Perform?

On Thursday:

For the Week:

What Drove the U.S. Market?

How Did the European Markets Perform?

How did Asian Markets Perform?

Bonds and Commodities


Next Week

Next week, several big banks and financial institutions, including JPMorgan Chase, Wells Fargo, Citigroup, BlackRock, and PNC Financial Services, will kick off earnings season.

Other companies such as Progressive Insurance, Delta Air Lines, and UnitedHealth Group will also report earnings. The latest inflation reports for March, including the Consumer Price Index (CPI) and Producer Price Index (PPI), will also be released.

The Federal Reserve will release the meeting minutes from its most recent policy meeting on Wednesday. The Census Bureau will provide a key update on consumer spending with their report on March retail sales on Friday. Additionally, the International Monetary Fund (IMF) and World Bank will hold their 2023 spring meetings in Washington D.C. starting on Monday.

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