Markets Remain Resilient Despite Economic Uncertainty

Markets Remain Resilient , Despite Economic Uncertainty .
Business Insider reports that the United States
stock market continues to inch higher, with the
S&P 500 gaining approximately 6.5% this quarter.
For the month of June,
the market is already up 4.7%.
Despite concerns over a potential
recession, estimates for first quarter
GDP came in higher than expected. .
The S&P is on track to see its
third quarter of gains in a row. .
Meanwhile, jobless claims reached their
lowest numbers in May, dropping to 239,000,
well below the 270,000 forecast by economists.
Meanwhile, jobless claims reached their
lowest numbers in May, dropping to 239,000,
well below the 270,000 forecast by economists.
Business Insider reports that the news comes as
a sign that the U.S. economy has remained resilient
despite fears of a looming economic slowdown.
While speaking on June 28, Jerome Powell affirmed
the Federal Reserve's stance on tightening policy
while inflation remains above the Fed's target.
While speaking on June 28, Jerome Powell affirmed
the Federal Reserve's stance on tightening policy
while inflation remains above the Fed's target.
Powell went on to hint at the possibility
of continued rate hikes at upcoming
Federal Reserve meetings.
Powell went on to hint at the possibility
of continued rate hikes at upcoming
Federal Reserve meetings.
U.S. lenders managed to pass
the Fed's annual stress test,
causing bank stocks to climb.
Bank of America, JPMorgan
and Wells Fargo all saw
their stocks rise by about 3%.
Bank of America, JPMorgan
and Wells Fargo all saw
their stocks rise by about 3%.
Bank of America, JPMorgan
and Wells Fargo all saw
their stocks rise by about 3%