US Markets Round-Up
This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started on a flat note and, post that, it witnessed bearish momentum. The index breached the 2300 level during the week, and it settled at 2259.69 with a week-to-date (WTD) loss of ~2.50 percent on January 19, 2023. Other major indices, such as S&P 500 and NASDAQ Composite, also witnessed negative movement for the week. On January 19, 2023, the S&P 500 index settled at 3898.86 with a WTD loss of ~2.51 percent, while the NASDAQ Composite Index settled at 10852.27 with a WTD loss of ~2.05 percent.
The market sentiments turned bearish due to the release of negative economic data during the week, such as PPI, Retail Sales and the Empire State Manufacturing Survey.
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