May 6, 2019 – Major Indices Have a Mixed Week
The Week on Wall Street Stocks were up and down last week, and the three major benchmarks ended up little changed after five trading days. The S&P 500 rose 0.20% for the week; the Nasdaq Composite, 0.22%. The Dow Jones Industrial Average declined 0.14%. The MSCI EAFE index, a benchmark for international stocks, declined 0.21%.[1][2] The Fed Emphasizes Patience The Federal Reserve held interest rates steady at its May meeting. Its May 1 policy statement noted "solid" job growth and economic activity, but only tame inflation pressure. While the Fed was not expected to make a move, some investors Read More