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Reuters Gets Sierra CIO’s Take on S&P 500 & NASDAQ Closing Higher Despite Slowed U.S. Services Industry Growth

Reuters

The S&P 500 and Nasdaq closed higher on Wednesday after data showing the U.S. services industry growth slowed further in March, but the advance was limited after Federal Reserve Chair Jerome Powell indicated a cut in interest was still not in sight.

Most of the major S&P 500 sectors advanced, led by gains in energy (.SPNY), opens new tab, materials (.SPLRCM), opens new tab and communication services (.SPLRCL).

The thoughts and opinions expressed in the article are solely those of the person speaking as of 4/3/2024, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.

0104-SI00XLAP 04152024

 

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