April 18-22, 2022 Recap
Investor concerns about slowing corporate earnings and prospects for rapidly rising interest rates deepened throughout Friday’s trading session, undoing gains early in the week. The Dow Industrials lost over 980 points (-2.8%) on Friday, its worst single-day performance since October 2020 to cap its fourth-straight weekly loss. The S&P 500 capped a three-week slide near a one-month low. After a late March revival, the Nasdaq Composite is down almost 10% for the month, while the S&P 500 and Dow have retreated 5.7% and 2.5% respectively in April.
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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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