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S&P 500, Nasdaq 100 Snap 5-Month Winning Streak In April As Inflation Reality Check Hits Bullish Sentiment

The U.S. stock market broke a streak of five consecutive months of gains in April, reigniting concerns about the impact of rising inflationary 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 ...