U.S. equities slipped into the close, giving back part of yesterday's AI-fueled pop as investors refocused on a steadier-for-longer rate backdrop.
Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.
Mixed results With earnings season well under way, the Dow and the S&P 500 posted their second weekly gains in a row while the NASDAQ finished slightly lower. Through Friday—and the second week of earnings season—the proportion of S&P 500 companies that had beaten analysts’ quarterly net income expectations stood at 75%, according to FactSet.
Lynch emphasizes the importance of understanding the companies or assets you invest in and having a clear rationale for owning them.
Last year, stock and bond returns tumbled after the Federal Reserve hiked interest rates at the fastest speed in 40 years. It was the first time in decades that both asset classes posted negative annual investment returns in tandem.
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