Post by LCG Associates, Inc.

Weekly Market Update: Markets finished the week higher, the S&P 500 ended up about 0.9% for the shortened week, and the Nasdaq gained about 2.4%. The Federal Reserve held rates steady, but hawkish comments about the possibility of future hikes briefly pressured equities and pushed investors to reassess the path for inflation and policy. Geopolitical relief and lower oil prices helped sentiment, as news around the U.S.-Iran ceasefire extension eased energy markets and supported a broad risk-on move, while semiconductors also participated strongly in the rebound. https://lnkd.in/dn_22Uh