Economic Beat: Financial News
How will current market developments affect you? The thought leaders at Fifth Third Bank can help make sense of it all. Listen to the Economic Beat as they discuss what happened last week and what they expect will be the focus of this week. Click the button below to listen or read the transcript to this week's Economic Beat.
Past Economic Beats
November 25, 2024
Stocks end week with fifth straight winning session
Domestic equities had a strong pre-Thanksgiving week, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posting gains. U.S. Treasury yields were mixed, with the 10-year note down slightly and the 2-year note up. Gold and WTI crude oil both saw significant increases. The S&P 500 reported a 5.8% year-over-year earnings growth for Q3, marking the fifth consecutive quarter of growth. Analysts expect double-digit earnings growth for the S&P 500 throughout 2025, indicating a positive economic outlook. Existing home sales rose 2.9% year-over-year, and the median home price increased by 4.0%. Initial jobless claims decreased, but continuing claims rose, suggesting a softening labor market.
November 18, 2024
Post-election stocks begin drop
Major U.S. equity indices finished lower last week giving back some of the previous week’s gains following the Presidential Election. The Third Quarter Earnings Season is close to wrapping up with just over 90% of S&P 500 companies having already reported results. Companies face labor pressure with continued cost-cutting initiatives continued through the third quarter.
November 4, 2024
Markets prepare for post-election volatility
In the week ahead, the U.S. Presidential election will be in focus on Tuesday. With many recent polls showing a close race between former President Donald Trump and Vice President Kamala Harris, markets may be primed for volatility early this week.