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AHR Weekly Market Update - Monday 3rd July
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On this week’s AHR Market review
The NASDAQ recorded its best first half of the year in 40 years as it rose 32%, led by a handful of large technology companies.
The latest reading on first-quarter US GDP was released last week, showing the economy grew by a better-than-expected 2% to start the year, powered primarily by a jump in personal consumption.
The U.S. Federal Reserve’s preferred gauge for tracking inflation showed that consumer prices rose in May at the slowest monthly pace in two years.
Manufacturing activity in China contracted for a third straight month in June.
The major U.S. stock indexes regained the ground they had lost the previous week as generally positive economic data lifted the S&P 500, the NASDAQ, and the Dow more than 2% each.
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