The Numbers: The Dow Jones Industrial Average lost 0.23% last week, ending its four-week winning streak. Zoom Out: The S&P 500 fell 0.1%, while the Nasdaq was the worst-performing index last week, losing 0.42%. Earnings Update: Markets
are being most impacted by the ongoing earnings season. So far, with
18% of S&P 500 companies reporting, 76% have beaten Wall Street
analysts' EPS estimates. US Markets U.S. markets rose slightly on Friday but futures were mostly flat over the weekend. - Procter
& Gamble reported earnings on Friday, beating expectations and
raising its forecasts for the rest of 2023. Shares jumped 3.5% in
response.
- Lithium miner Albemarle lost more than 10% after Chile said it plans to nationalize its domestic lithium industry.
- The current 10 Year U.S. Treasury yield is set at 3.57660%
| Dow Jones | 33,808.96 | 0.07% | | S&P 500 | 4,133.52 | 0.09% | | Nasdaq | 12,072.46 | 0.11% | | Russell 2000 | 1,791.51 | 0.10% | *Stock
Market data as of the last closing bell. Data received directly from
the reference indexes through ICE Data Services. Do you not understand
any of these figures?
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Canadian Markets Construction of Volkswagen's new electric vehicle battery plant in St.Thomas, Ontario, has begun. - It will be Volkswagen's first gigafactory outside of Europe.
- The facility will aim to produce enough batteries for one million EVs each year.
- It's expected to employ 3,000 people and indirectly create 30,000 jobs in the local economy.
- The plant will cost $7B, with $500M paid by the Ontario government and $700 by the Canadian government.
*Canadian stock prices are as of the last close. Data received directly from the references indexes through ICE Data Services
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European Markets European stocks were volatile on Friday but finished up on the day as investors continued to react to corporate earnings. - The Stoxx 600 gained 0.25%, led by a 1.8% increase in healthcare stocks.
- German
software company SAP was amongst the best-performing companies, gaining
5% after announcing higher-than-expected revenues and profits.
- Mining stocks fell 3.7%, dragging down markets.
| Euro STOXX 50 | 4,408.59 | 0.54% | | UK (FTSE 100) | 7,914.13 | 0.15% | | Germany (DAX) | 15,881.66 | 0.54% | | France (CAC 40) | 7,577.00 | 0.51% | *European stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Asian Markets Stocks in Asia fell on Friday as investors reacted to new economic data. - Core
inflation in Japan came in at 3.1% in March, unchanged from a month
earlier. Japan's inflation hit 4.2% in January, a 42-year high.
- Bank of America raised its forecast for China's economic growth in 2023, from 5.5% to 6.3%.
- Tech and automotive stocks in China lost ground in response to the steep decline in Tesla's stock last week.
| S&P Asia 50 | 4,606.41 | -1.32% | | Japan (Nikkei 225) | 28,564.37 | -0.33% | | South Korea (KOSPI) | 2,544.40 | -0.73% | | China (Hang Seng) | 20,075.73 | -1.57% | | India (SENSEX) | 59,655.06 | 0.04% | *Asian stock prices are as of 7 am ET. Data received directly from the reference indexes through ICE Data Services.
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Commodities Oil prices rose on Friday as investors reacted to economic data from Europe but closed the week down. - Brent crude and U.S. West Texas Intermediate (WTI) both gained 0.8% on Friday but fell over the weekend.
- Brent and WTI lost 5.5% and 5.7%, respectively, last week.
- In India, oil processing was near an all-time high in March.
| Oil (NYSEARCA:OIL) | 29.28 | -0.71% | | Gold (NYSEARCA:GLD) | 184.25 | -0.99% | | Silver (NYSEARCA:SLV) | 22.98 | -0.82% | | Corn (NYSEARCA:CORN) | 24.41 | -1.85% | | Lumber (NASDAQ:WOOD) | 71.35 | -0.56% | *Commodity prices are as of 7 am ET. Data from MarketWatch. To understand why investors track the prices of these commodities,
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Currency Exchange Rates The U.S. Dollar fell slightly on Friday as investors continued to react to new economic data. - The U.S. Dollar Index lost 0.02% on Friday, finishing the week at 101.82.
- Preliminary
data suggests that most of the Eurozone, including Germany and France,
are seeing better-than-expected growth in the services sector this
month.
- The Federal Reserve, Bank of England, and European
Central Bank are all expected to raise their interest rates in the first
week of May.
| UK(GBP) | £0.80 | 0.01% | | Europe (EURO) | €0.90 | -0.01% | | Canada (Canadian Dollar) | $1.35 | -1.09% | | Japan (Yen) | ¥134.01 | -0.11% | *Exchange
rates as of 7 am ET. Data from Morningstar Financial Research. To
understand why we track these currencies and the differences between
them,
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