Momentum Pauses Second Week05/03/2021

Share:

Latest - Insights Latest - Insights Latest - Insights Latest - Insights Latest - Insights

April 26 - 30, 2021 Recap

Stocks Mostly Lower
Equity indices were mostly lower last week amid month-end rebalancing even as economic data continued to point toward an accelerating recovery. Data released Thursday showed U.S. first quarter gross domestic product (GDP) expanded at a 6.4% annualized pace (the strongest 1Q growth rate since 1984) while claims for state unemployment insurance benefits fell last week to a fresh pandemic-era low.

S&P 500 Inches Higher
For the week, the S&P 500 rose 0.02%, while the Dow Industrials fell 0.50% and the tech-heavy Nasdaq Composite declined 0.38%. Mid-sized growth-oriented companies underperformed most last week, with the Russell Mid Cap Growth Index retreating 1.68%.

Latest - InsightsCIM Weekly Recap 050321.pdf Latest - Insights

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.

Latest News - Latest Insight Detail - Subscription

Want more insights like this, sent straight to your inbox?

Subscribe to email updates from Cetera and be well informed about what’s happening within the market and the financial services industry overall.

Drop Us a Line

Looking to be part of something more? Get in touch to learn about the benefits of affiliating with Cetera and start taking the next steps to a stronger future.


Account Assistance

If you are a client of a Cetera-affiliated financial professional and need assistance with an existing account, please reach out to your financial professional directly. If you’re unable to reach them, use our direct support lines listed below.

Join the Community

If you’re a financial professional interested in learning more about affiliating with Cetera Financial Group, please complete the form.