Post by LCG Associates, Inc.

Weekly Market Update: U.S. equities posted mixed weekly results, with the major indexes flattening out after three consecutive weekly gains pushed the S&P 500 and the NASDAQ to record highs. U.S. growth stocks outperformed value for a fourth consecutive week, narrowing value’s year-to-date lead. Over the past month, growth gained more than 16% compared with an 8% advance for value. U.S. consumer sentiment continued to slide in April, pressured by heightened Middle East tensions and a spike in energy prices. The University of Michigan’s final April reading came in at 49.8, modestly above the preliminary estimate but sharply lower than levels seen in February and March. U.S. Treasury prices declined, pushing yields higher ahead of the upcoming Federal Reserve meeting. The 10-year Treasury yield ended the week at 4.30%, below its recent March 27 peak of 4.44%. https://lnkd.in/dn_22Uh