Stocks finished the quarter surprisingly strong. What's next? | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

After a stormy 2022, US stocks gained during the first quarter of 2023 in a surprise show of resilience despite a banking crisis

, cryptocurrency meltdowns and uncertainty about what’s ahead for the economy. What happened: Nothing about the first quarter’s performance was linear. The broad-based S&P 500 seesawed throughout the quarter, ending January on a high note before tumbling in February, rising again in March and ultimately ending the quarter up about 7%. The tech-heavy Nasdaq made a remarkable resurgence, soaring nearly 17% in its best quarterly gain since the fourth quarter of 2020.

Here’s what Wall Street experts are saying: Next week’s spotlight: Jobs data The end of March means that there will be a new month’s worth of economic releases for investors to parse through, starting with a slew of jobs data this coming week. Why that’s important: Despite Wall Street’s cheery optimism, markets are still looking for clues on how the economy is faring.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Get ready for the collapse of the USA dollar

My 401k is still in the toilet since JoeBiden took office! His policies are the root cause of this down fall! Really hurting retirees! Quit sugar coating things ! You know the economy is in deep 💩, so report the truth!

Wall Street lo❤️es Uncle J😎E

Joe's economy is crushing the poor and the middle class, and the entire banking sector is teetering on the edge Maybe it wasn't a good idea to dump trillions into the economy, make fuel more expensive, and have runaway inflation?

Luckily tax payers never run out of money to prop them up …again

Well we are waiting on a recession. Guess that’s not happening anymore?

South Africa South Africa Latest News, South Africa South Africa Headlines