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Weekly Investment Perspective July 2, 2024

July 2, 2024
U.S. equity markets logged tepid returns last week amid moderating inflation readings and minimal change to the unemployment figures but closed out the first half of the year with robust gains as the S&P 500 returned 15.3%. Additionally, while inflation and corporate earnings data remain at the focal point for investors, the first of two scheduled Presidential debates last Thursday, garnered much talk on both sides of the aisle. For the week, the S&P 500 was down -0.06%. The Dow Jones Industrial Average (DJIA) ended last week also down slightly at -0.08%. Small companies gained ground with the S&P 600 Small-cap Index up 1.21%.