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News Last Week - Big Tech Earnings, FOMC, NFP
- Stock markets rose due to strong jobs report and impressive Q1 Apple results
- S&P 500, Dow Jones, and Nasdaq Composite all increased
- 253,000 jobs added in April, unemployment dropped to 3.4%
- Labor market recovery ongoing with mixed results
- Fed's weekly balance sheet showed biggest plunge in 14 years
- ECB raised policy rates by 25 basis points due to high inflation
- Regional bank stocks declined amid stability concerns
- Oil prices tumbled over concerns of slowed economy and reduced energy demand
- Corporate profit margins dropped less than expected despite inflation and rate hikes
- Fed raised policy rates amidst economic uncertainties
- Eurozone faced record-high service sector inflation, prompting ECB to maintain rate hikes
News This Week - CPI & PPI