Brad McMillan, Commonwealth’s CIO, recaps the market and economic news for April 2021.
April was a good month for the markets. The S&P 500 and Nasdaq gained more than 5 percent, while the Dow was up almost 3 percent. These returns were driven, in part, by the medical news, with new case counts, hospitalizations, and deaths all down. While the medical risks declined, reopening accelerated. Job growth rose, and weekly layoffs dropped. Consumer confidence and spending also improved.
Will these positive trends persist?
Stay tuned to find out. Follow Brad at blog.commonwealth.com/independent-market-observer