Weekly Market Report: October 18th, 2024
Markets last week took in an early leg of third quarter earnings reports, several policy announcements, and a small but somewhat encouraging roster of economic reports. Domestically, the S&P 500 (+0.85%) closed higher for a sixth consecutive week and small caps continued to shine, closing up 2% on the week. Developed and emerging international markets both closed down by 0.44% and 0.95%, respectively thanks in part to continued strength in the USD. Bond yields stayed relatively flat with 2yr and 10yr yields closing at 3.95% and 4.08%, respectively. Crude oil fell back below the $70 level last week to close at $69.35.
Economic Release Highlights
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