SSLY - Stocks Sink In April As Inflation Fears Rise
2024-04-30 16:45:52 ET
Summary
- The S&P 500 fell significantly in April, giving back a chunk of the year's gains.
- Higher interest rates amid hotter-than-expected inflation and growth data throughout the month weighed on stocks big and small.
- With a Fed meeting on tap, Apple earnings in the queue, and an important jobs report on Friday this week, volatility could be in the offing.
In what has become a rare occurrence on Wall Street, the S&P 500 fell significantly in April. Coming into the month, the SPX had been up nine of those previous 10 Aprils. Still, equities still sport healthy gains for 2024, even after the 3.4% hit to begin the second quarter. While a chorus of the "sell in May, and go away" crowd begins their chants, the SPX has posted big returns from May through July in the last decade....
Stocks Sink In April As Inflation Fears Rise