Company / Analytics

Analytics, 18 June 2022

Week 24 in Brief

North America

The S&P 500 and the Nasdaq Composite bounced on Friday as Wall Street attempted to find footing following a brutal week of selling. The decline was after The Federal Reserve raised its benchmark interest rate by 75 basis points, the most since 1994. All the major averages ended the week in the negative, with the S&P 500 posting its worst week since 2020.

How did the major indices perform?

What drove the U.S. market?

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Next week will be a shortened trading week as markets close for the Juneteenth holiday in the U.S. on Monday. Fed Chair Jerome Powell will testify before Congress on Wednesday and Thursday as part of a semiannual testimony on monetary policy.

We can expect essential updates on the U.S. housing market, including new and existing home sales tracking for May. The June flash estimate of S&P Global’s Composite PMI Survey, along with the final reading of the University of Michigan’s Consumer Sentiment Index (MSCI), will be released on Thursday and Friday, respectively.

International updates on key economic indicators are also expected, with inflation updates for the U.K. and Japan and consumer confidence readings for the U.K. and eurozone. A number of firms, including Accenture, FedEx, Darden Restaurants, Rite Aid, and CarMax, among others, will be reporting earnings for the quarter that ended May.

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