WENDY NELSON

THE MARKET WEEK:  as of market close May 15, 2023

Stocks trended lower last week, with only the Nasdaq able to eke out a gain.

Investors remained pensive as they awaited negotiations on the debt ceiling. With roughly 92% of the S&P 500 companies having reported first-quarter earnings thus far, results appear headed down 2.5% from last year. This follows a 4.6% drop in fourth-quarter earnings. Despite the downturn, FactSet reported that 78% of the companies had reported earnings that beat expectations, which is the most since the third quarter of 2021. So far in 2023, only the Russell 2000 has yet to reach its 2022 closing value.

  • WALL STREET SAW STOCKS FALTER
  • STOCK MARKET INDEXES
  • LAST WEEK'S ECONOMIC NEWS
  • EYE ON THE WEEK AHEAD

TIP OF THE WEEK - Plant a tree for the future generation

“Someone's sitting in the shade today because someone planted a tree a long time ago.” ~ Warren Buffet

MEET WENDY NELSON, CEO

President and Founder of Wind River Wealth Advisors

 

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