Stock market news

Equities rise, with tech leading - Global stocks finished higher as a rally in Chinese tech shares helped boost sentiment. In the U.S., Lululemon reported better-than-expected earnings, indicating the ongoing strength of the high-end consumer, while shares of Micron jumped more than 5% after the company posted earnings results. There was also some relief that consumer confidence, which was reported yesterday, did not show a negative reaction to the stress in the banking sector. Elsewhere, long-term government bond yields were little changed.

In just over two weeks, the uncertainty in the U.S. regional and global banking system has notably shifted the performance of financial markets and potentially the path of the Federal Reserve. For the Fed, it now has a balancing act to navigate: supporting the banking system with liquidity on one hand and battling inflation with interest-rate increases on the other. The Fed appears closer to a pause in its interest-rate-hiking cycle, and the recent tightening in financial conditions from the banking crisis has also served to potentially slow economic activity and cool inflation.

Market volatility is normal, yet unpredictable and emotional. While we can’t control the market, we can control our reactions to it. We’re committed to keeping you in the know about the latest market and economic developments.

Market news is everywhere - but what does it all mean for you, and how should you react? Each month, our investment strategists share their thoughts on the latest market and economic developments, and offer investing tips you can use as you work toward your long-term financial goals.

The Quarterly Market Outlook offers our perspective on recent activity in the capital markets. The Edward Jones Investment Policy Committee offers its viewpoints on the U.S. economy, stocks, the bond market, international markets and asset classes, as well as a special topic of interest to investors each quarter.

These aren’t short-term predictions. Rather, this is Edward Jones’ perspective on market and economic topics, designed to help you make decisions affecting your long-term financial strategy. As you read through each topic, you'll find specific actions you can discuss with your financial advisor.