Economic Beat: Stocks were strong heading into the final month
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.
Economic Beat: December 4, 2023
Major U.S. equity indices were higher last week, capping a fifth straight week of gains. The S&P 500 Index was up 0.8%, the Dow Jones Industrial Average was up 2.6% and the Nasdaq Composite rose 0.4% for the week in total return. Stocks were strong heading into the final month of the year, supported by optimism that the Federal Reserve may be done with interest rate hikes and may have executed a so-called soft landing, avoiding a recession.