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home / news releases / SPMD - Chart Of The Week: Economy Cooling Without Collapsing

SPMD - Chart Of The Week: Economy Cooling Without Collapsing

SPDR Portfolio Mid Cap

2024-07-08 14:35:00 ET

Summary

  • The S&P 500 and Nasdaq Composite Index rose to fresh record highs on Friday. The latest jobs data helped add to bullish sentiment.
  • Along with other recent reports, Friday’s one suggests the economy is cooling without collapsing. That is reducing inflationary pressure and opening the door to interest rate cuts later this year.
  • Q2 earnings season will kick off Friday, with JPMorgan Chase, Wells Fargo, and Citigroup Inc. reporting their latest numbers.

By Mike Larson

The S&P 500 and Nasdaq Composite Index rose to fresh record highs on Friday, and stocks are trying to add to those gains in the early going today. Crude oil, gold, and silver are losing some ground along with Treasuries. The dollar is largely unchanged....

For further details see:

Chart Of The Week: Economy Cooling Without Collapsing
Stock Information
Company Name: SPDR Portfolio Mid Cap
Stock Symbol: SPMD
Market: NYSE
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