Market Update

In April, the S&P 500, Dow, and Nasdaq all surged, driven by earnings growth and a risk-on sentiment for investors. Further, the economic updates released during the month were largely positive. The initial estimate of Q1 GDP growth came in at 2 percent annualized, up from 0.5 percent at the end of last year. The economy also added a solid 178,000 jobs in March, the strongest month of hiring in over a year. On the consumer front, we saw signs of stabilizing sentiment and solid spending growth.

But how will the ongoing conflict in the Middle East and the resultant surge in oil prices affect the path ahead? Watch my latest Market Thoughts video to learn more: