Weekly Economic Update – August 16, 2024

WEEKLY ECONOMIC UPDATE Market Recap – Week Ending Aug. 16 August 19, 2024 Market Updates Stocks Rally After Stronger-Than-Expected Economic Data Overview: Global stacks rallied significantly in last week’s trade, benefitting from stronger-than-expected economic data as well as waning volatility. The S&P 500 index finished the week higher by 4%, while the MSCI EAFE (international developed index)…