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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The persistent sell-off in the S&P 500 and Nasdaq composite this week underscores a broad risk-off mood gripping U.S. markets, as both indices declined in every trading session for the week ending June 26, according to a report by The Wall Street Journal. The losses come amid a new set of concerns weighing on investor sentiment, triggering widespread selling across major sectors.
Global economic data during the week painted a mixed but cautionary picture. In Canada, the annual inflation rate rose to 3.2% in May, above the 3% forecast, per market data. Meanwhile, services PMIs in the eurozone, Germany, and the UK contracted, with the eurozone composite PMI at 49.5 — below the 50 expansion threshold. The U.S. composite PMI edged slightly higher to 52.2, but it did little to dispel concerns about the economic growth path and Federal Reserve policy.
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Sign InInvestors are now closely watching policy signals and upcoming data. During the week, Fed Governor Christopher Waller delivered a speech without providing clear directional cues. Markets are now looking ahead to central bank commentary and U.S. labor market figures, which will help determine whether the selling pressure persists or a recovery phase begins.