![]() This weighed on traders’ spirits, leading to losses for equity markets. However, the Fed Chair’s comments following the central bank’s latest two-day policy meeting indicated that there was little chance of a near-term rate cut. There were a few major disappointments, but earnings largely buoyed investor sentiment. On the whole, first-quarter results continued to be much better than expected. The index traversed a mixed week, buoyed by encouraging earnings numbers and dragged lower by comments from the Fed Chair.
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