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Weekly Market Update: October 21, 2024
10/21/24
S&P 500 Ends Week Unchanged as Earnings Season Ramps Up
The S&P 500 Index ended the week roughly unchanged in a busy week of earnings and economic data. High profile earnings reports included Netflix and semi manufacturers ASML and TSMC. Retail sales and industrial production headlined the economic data. Regarding the macro, the Atlanta Fed’s GDP forecasting model estimates that third quarter GDP grew at a strong 3.4% pace. The US economy continues to remain resilient in the face of multiple headwinds.
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This article contains general information only. Sunflower Bank, N.A. is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. It is not meant as a substitute for such professional advice or services. Before making any decisions related to these matters, you should consult a qualified professional advisor. Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.