Afternoon Note
Near Record Highs
By Karina Hernandez, Senior Research Analyst
5/17/2024 1:45 PM
The leading Economic index saw its lowest reading since April 2020, falling again to -0.6%, well below the consensus of -0.3%.
The S&P 500 gains are the only component keeping the LEI index from falling further.
So far, Energy continues to hold onto gains thanks to refineries.
Stocks are modestly higher with the S&P 500 and Nasdaq flat, but on track to post the 4th consecutive week of gains.
Have a great weekend.
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