Last week, all three of the major stock averages notched winning weeks - the Dow Jones posted a 0.29% gain, while the S&P 500 added nearly 1.32% and the Nasdaq advanced 2.38%. The latest employment data is showing the economy is strong and it may just be strong enough to keep growing even without the help of lower interest rates. On Wednesday, inflation numbers will be released in the morning and later in the afternoon, the Federal Reserve will give its decision on interest rates.
Economic reports from last week came back mixed:
•Construction Spending - lower than expectation
•Vehicle Sales - higher than expectation
•Job Openings - lower than expectation
•Private Employment - lower than expectation
•Total Employment - higher than expectation
•Consumer Credit - lower than expectation
•Labor Productivity - in-line with expectation
•Jobless Claims - higher than expectation
This week, investors will look for guidance from economic reports like Small Business Optimism, Inflation, Consumer Sentiment and Jobless Claims.
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