Stocks bounced back last week as tech company earnings fueled a market rally, despite concerns about the Federal Reserve keeping interest rates high for longer. The Nasdaq Composite surged over 4%, the S&P 500 rose nearly 3%, and the Dow Jones Industrial Average increased by less than 1%.
Looking ahead, investors are anticipating a busy week with a Federal Reserve meeting, the April jobs report, and earnings reports from tech giants like Apple and Amazon. The market will also keep an eye on updates regarding job openings, manufacturing and services sector activity, and consumer confidence.
Key highlights for the week include the Fed’s interest rate policy decision, the release of the April jobs report, and earnings reports from companies like AMD, Coca-Cola, McDonald’s, and Starbucks. Investors will be on the lookout for any signs of change in the strong labor market and how inflation data is impacting the Fed’s decisions.
Vocabulary List:
- Rally (noun): A sharp increase in price or value after a decrease.
- Anticipating (verb): Regard as probable expect or predict.
- Surged (verb): To increase suddenly and strongly.
- Confidence (noun): The feeling of being certain that something will happen as expected.
- Inflation (noun): Overall increase in prices and decrease in the purchasing value of money.
- Labor market (noun): The supply of available workers in relation to available work.
