Published on 29 Apr 2024 on Zacks via Yahoo Finance
Beat the Market the Zacks Way: ADMA Biologics, Carlisle, McCormick Manufacturing in Focus
Last week, two of the three major U.S. indexes — the S&P 500 and the tech-heavy Nasdaq Composite — gained 1.8% and 3.1%, respectively, whereas the Dow Jones Industrial Average ended virtually unchanged. This clearly shows indecisiveness in the market despite solid corporate earnings.
From January through March 2024, the U.S. economy grew at the slowest pace in nearly two years at 1.6% against the Wall Street expectation of 2.4%. The numbers suggest a significant loss of momentum since the beginning of 2024 due to a sharp rise in inflation which led to a cool-off in consumer and government spending.