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Earnings Growth Drove Financials Last Week

Peter Barnes
Earnings Growth Drove Financials Last Week

US stocks finished relatively flat last week. President Trump’s latest tariff threats against China and attack on the Fed restricted the gains despite solid earnings growth from leading corporates. The S&P 500 closed the week at 2,801.83, while the Dow Jones Industrial Average rose 0.20% to 25,058.12. The NASDAQ Composite Index fell 0.1% to 7,820.20. The US ten-year Treasury yield rose to 2.89%. Financials posted solid gains