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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