Markets & Economy

The Economy: April 2017

THE ECONOMY: As of April 2017

Technology stocks have been some of the best performing assets so far in 2017, helping propel the NASDAQ Index above the 6,000 level for the first time. On the year, it is already up an impressive 12.71 percent. The more diverse S&P 500 has also enjoyed early success, gaining 7.16 percent through April. Overseas, Emmanuel Macron and Marine Le Pen secured enough votes in the first round of France’s presidential elections to move on to a run-off in early May. Macron is expected to prevail, which is likely the most market-friendly outcome. International stocks were up 2.54 percent for the month and nearly 10 percent year-to-date. Despite the Federal Reserve’s desire to continue interest rate raises as the year progresses, there has been relatively little movement in fixed income market’s lately. High-yield bonds continue to perform well though, and returned 1.15 percent in April.