US Markets Round-Up
This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started on a negative note and continued its bearish momentum. The index breached the 2200 level during the week; however, it settled at 2207.01 with a week-to-date (WTD) loss of ~0.79 percent on December 22, 2022. Other major indices, such as S&P 500 and NASDAQ Composite, also witnessed negative movement for the week. On December 22, 2022, the S&P 500 index settled at 3822.38 with a WTD loss of ~0.78 percent, while the NASDAQ Composite Index settled at 10476.12 with a WTD loss of ~2.14 percent.
The market sentiments remained negative despite releasing positive economic data during the week, such as GDP (QOQ), Unemployment Insurance Weekly Claims and the Consumer Confidence Survey.
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