Stocks closed the week with mixed results as debate about when, or if, the Federal Reserve will cut interest rates continued to be top of mind for investors.
For the week, the Nasdaq Composite (^IXIC) rose more than 1%, while the S&P 500 (^GSPC) was near flat. The Dow Jones Industrial Average (^DJI) fell more than 2%. All three indexes were still near record highs.
After a quiet week on the economic data front, a key reading of the Fed’s preferred inflation gauge is set to greet investors in the week ahead. A second update on economic growth in the first quarter and a reading on consumer confidence are also on the economic schedule.
On the corporate front, earnings season is officially winding down, with Salesforce (CRM), Costco (COST), Dollar General (DG), and Best Buy (BBY) highlighting a lighter schedule of quarterly reports.
Markets will be closed on Monday for the Memorial Day…
