Inflation slowdown boosts stock market ahead of critical jobs report.

1 min read
Source: Benzinga
Inflation slowdown boosts stock market ahead of critical jobs report.
Photo: Benzinga
TL;DR Summary

The S&P 500 ETF Trust gained more than 5% in the first quarter of 2023, driven higher by easing inflation numbers despite concerns about instability in the banking sector. Former US President Donald Trump was indicted on roughly 30 criminal counts of document fraud, triggering a relief rally in Digital World Acquisition Corp. Top US bank regulators were grilled in Congressional hearings about their handling of the mid-March collapses of Signature Bank and Silicon Valley Bank. EVgo Inc shares jumped more than 30% after the electric vehicle maker reported a Q4 revenue beat and issued 2023 guidance. Investors will get more quarterly reports from Conagra Brands, Levi Strauss & Co, Constellation Brands, and Lamb Weston Holdings, as well as key economic updates on the March Manufacturing Purchasing Managers Index and the March US jobs report.

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