SPY News: ETF Asset Report of April - 4th May 2024, 3:00am

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April became the worst month of 2024 for Wall Street as the S&P 500 lost 3.4%, the Dow Jones retreated 3.4%, and the Nasdaq was off by 3.8%. Rising rate worries weighed on Wall Street in April. The U.S. economy was under pressure of high inflation and slowing growth. Meanwhile, rising geopolitical tensions gave cues of inflation remaining hot in the near term.

Notably, the Fed's preferred gauge for inflation — the "core" Personal Consumption Expenditures (PCE) index, excluding volatile foo...

>>> Read more: ETF Asset Report of April
 
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