Company / Analytics

Analytics, 25 September 2022

Week 38 in brief

North America

Equities in the US slid on Friday to end yet another week in the reds. All major indices capped their fifth negative week in six, with each index losing at least 4%. The US fed and other central banks announced yet another hike in interest rates as rampant inflation heightened fears of a global recession. The fed raised interest rates by 75 basis points.

The Dow Jones Industrial Average closed the week below 30,000 for the first time since June 17. The index narrowly missed the bear market territory with the 30-stock index ending Friday 19.9% below an intraday record.

How did the major US indices perform

On Friday:

For the week:

What drove the US market

How did the European markets perform?

How did Asian markets perform?

Bonds and Commodities


Next week

Investors can expect several key economic updates in the week ahead. On Tuesday, the latest reports on the housing market will become available, with the release of August new home sales and the S&P Case-Shiller Home Price Index for July. The Conference Board’s Consumer Confidence Index (CCI) and the University of Michigan’s Consumer Sentiment Index (MCSI) will offer updates on consumer sentiment.

On Thursday, the Bureau of Economic Analysis (BEA) will release its final estimate for second-quarter GDP growth. The Fed’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, will arrive on Friday. Nike, Micron Technology, Carnival Corporation, and Bed Bath & Beyond will be among the companies reporting earnings.

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