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
January 23, 2023
Fourth-quarter earnings have been coming in weaker than forecast
For the week, the Dow Jones Industrial Average fell 2.7%, the S&P 500 declined by 0.7%, and the Nasdaq Composite ended the week 0.6% lower. U.S. Treasuries were largely unchanged for the week, but the U.S. Treasury yield curve remained deeply inverted, with the 10-year note ending the week at 3.48%, while the two-year note yielded 4.17% at week’s end.
January 9, 2023
Earnings season kicks off this Friday
Last week US equities finished higher, with 2023 opening with an up-and-down string of sessions capped by a big rally on Friday. Treasuries were stronger across the curve, with the 10-year yield dropping more than 30 basis points from the December close, currently at 3.56 percent. The dollar was up after pulling back in five of the prior six weeks.