Weekly Review with SIAS: US stock rally continues
By Beansprout  •  May 13, 2024

What happened?

In this week's Weekly Market Review in partnership with Securities Investors Association Singapore (SIAS), we discuss the positive trends in the global equity market and also share more about the following: UOBOCBC Watch the video to learn more about what we are looking out for this week.

Weekly Market Review

0:26 - Macro update

Last week was a positive week for global equity markets. US initial jobless claims came in sharply higher, suggesting the Fed's next move may be to keep interest rates unchanged. US stocks bounced back, with the S&P 500 returning to above 5,200. Gains were led by the Dow Jones Industrial Average, up 2.2%, while the NASDAQ rose by 1.1%. The STI, however, was flat at around 3,300. The Fed is still expected to maintain interest rates in June, with a high probability of no rate change.

3:20 - Singapore market updates

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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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