Small-Business Confidence Hits Four-Month High

Small-Business Confidence Hits Four-Month High

Adviser Investments Chief Investment Officer Jim Lowell has the market analysis for Tuesday, May 14. All major U.S. indexes rebounded but fell short of recouping yesterday’s losses: The Dow Jones Industrial Average and S&P 500 rose 0.8%, and the NASDAQ Composite gained nearly 1.2%. Meanwhile, the National Federation of Independent Business’ small-business optimism index hit a four-month high in April, reflecting optimism for future sales growth and continuing job market strength. Jim noted that, despite strong economic fundamentals, geopolitical and event-driven news continue to concern investors.

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