US Markets Round-Up
This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started on a positive note and traded with a positive bias. The index made a high of 2336.67 during the week, and it settled at 2330.52 with a week-to-date (WTD) gain of ~2.10% percent on March 30, 2023. Other major indices, such as S&P 500 and NASDAQ Composite, also witnessed positive WTD movement. On March 30, 2023, the S&P 500 index settled at 4050.82 with a WTD gain of ~2.01 percent, while the NASDAQ Composite Index settled at 12013.47 with a WTD gain of ~1.60 percent.
An improved US Consumer Confidence acted as a catalyst for an upside direction in the indices; however, an increase in the weekly unemployment insurance claims numbers limited the gains.
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