May 17 - 21, 2021 Recap
Benchmark Equities Slip Second Week
The S&P 500 fell fractionally last week, capping its first back-to-back weekly loss since late February as investors continued to fear signs of escalating inflation. Selling pressure started to ease by mid-week however after the Federal Reserve released minutes of their latest policy meeting. Fed officials said they were closely watching economic developments and remain flexible to adjust monetary policy when necessary.
For the Week...
The S&P 500 slipped 0.39% last week, the Dow Industrials fell 0.51% and the tech-heavy Nasdaq Composite rose 0.33% to snap a four-week losing streak.
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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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