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 2325.24 during the week, and it settled at 2270.20 with a week-to-date (WTD) gain of ~0.71% percent on March 23, 2023. Other major indices, such as S&P 500 and NASDAQ Composite, also witnessed positive WTD movement. On March 23, 2023, the S&P 500 index settled at 3948.71 with a WTD gain of ~0.82 percent, while the NASDAQ Composite Index settled at 11787.40 with a WTD gain of ~1.35 percent.
A decrease in the weekly unemployment insurance claims coupled with increased existing-home sales numbers acted as the catalysts for an upside direction.
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