• Month: August 2022

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5 August

Hope Floats: July 2022 Markets

By in Market Update

Markets staged a comeback in July as U.S. equities posted their best monthly gains since November 2020.[1] The S&P 500 equity index rose 9.11%, the tech-heavy Nasdaq finished up 12.4%, while the Dow posted gains of 6.7%.[2] Gains were fueled by better-than-expected financial results from America’s biggest companies, as well as bets that the Fed might dial back monetary policy tightening sooner than expected.[3]

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