• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Market Recap Week of 4/25/2022 Through 4/29/2022 – Daily Flash Briefing

May 2, 2022 by Bautis Financial
Stock Market Recap

Listen to our weekly stock market recap, including a look at the week ahead.

The S&P 500 limped into the close and ended a fourth consecutive week in the red after Amazon’s (AMZN) disappointing outlook weighed on sentiment.

The benchmark index was down 3.3% in the latest week at 4,131.93 from last week’s close of 4,271.78 with all eleven sectors in the red. For the month of April, the S&P 500 suffered its heaviest losses since March 2020, down more than 9% over the last four weeks.

Stocks were defensive at the start of the week ahead of the flood of corporate results with earnings expected to disappoint following supply chain warnings from General Electric (GE) and downbeat results from Raytheon (RTX).

Economic data also contributed to the sour mood on Wall Street last week.

The economy contracted 1.4% in the first quarter, the US Bureau of Economic Analysis said in a report, but the bad news was tempered by strong consumer spending.

While personal income and spending improved in March, inflationary pressures on consumers remained high, fueling expectations that the Federal Reserve will need to raise interest rates by at least 50 basis points next week.

The Federal Open Market Committee meeting on Wednesday, at which time the Fed is expected to deliver its second rate hike since 2018, and the April payroll data highlight economic data next week. The economy is expected to have created 385,000 jobs which will drive down the unemployment rate to 3.5%.

Next week’s heavy economic calendar also includes the Institute for Supply Management and final S&P Global manufacturing and service sector PMIs for April, the durable goods report, JOLTS figures, the trade balance report, non-farm productivity and unit labor costs and the ADP employment report on private jobs.

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing
Category: Finance News, InvestmentsTag: Market Recap, Market Trends, Stock Market, Stock Market Trends, Stock Market Update, Weekly Market Recap
Previous Post: « What is Coliving? – Daily Flash Briefing
Next Post: The Longevity Diet Foods in The Longevity Diet »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top