Daily Updates
Stock Market Today: April 30, 2021
Harvey S. Katz, CFA | 04/30/2021
Two key reports will be issued this morning. In the first release, the Commerce Department noted that personal income and consumer spending both moved up strongly in March, and in line with expectations. Later this morning, the University of Michigan will issue data on consumer sentiment. These reports will follow a release yesterday on first-quarter GDP, which showed a 6.4% annualized rate of growth, but also contained unsettling news on inflation, with the Price Index rising 4.1% during the period.
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