S&P 500, Nasdaq 100 Snap 5-Month Winning Streak In April As Inflation Reality Check Hits Bullish Sentiment [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
pressures and the potential for a prolonged restrictive monetary policy by the Federal Reserve. Despite positive signals from first-quarterearnings reports, all major U.S. indices ended the month in negative territory as macroeconomic fears hit risk sentiment. The S&P 500, as tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY ), closed 4% lower, snapping a five-month winning streak and marking its worst performance since September 2023. The tech-heavy Nasdaq 100, monitored through the Invesco QQQ Trust (NASDAQ: QQQ ) witnessed a 4.4% decline for the month, similarly snapping a five-month positive streak and hitting the worst monthly return since September 2023. Blue chip stocks in the Dow Jones, as tracked by the SPDR Dow Jones Industrial Average ETF (NYSE: DIA ), fell 4.9% on the month, marking its lowest performance since September 2022. Chart: April Snaps A 5-Month Winning Streak For Major US Averages Inflation Fears Overshadow Positive Earnings Trends With nearly half
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