U.S. markets showed volatility but concluded last week with gains across major indexes: the Nasdaq Composite rose by 1.8%, the S&P 500 by 0.8%, and the Dow Jones Industrial Average by 0.4%. This shift in investor sentiment was influenced by recent developments regarding the U.S.-Iran ceasefire, despite a subsequent pause in diplomatic discussions.
Retail sales in March increased by 1.7% driven by a notable 15.5% rise in gas station receipts, indicating strong consumer demand. However, consumer sentiment for April dropped to a record low of 47.6 due to anxiety over the Iran conflict and a 4.8% rise in inflation expectations. Jobless claims reached 214,000, and continuing claims rose to 1.821 million, suggesting a slight softening in the labor market.
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