Economic Data and Market Highlights
The S&P 500 and the Dow 30 diverged this week largely due to tech-oriented names. Oracle sank approximately 12% for the week after noting delays in data center buildout. This caused concern related to the debt the company has taken on and cast some doubts on the sector.
The Fed lowered rates by 25 basis points, lifting small-cap names. Embedded in the decision was the amount of debate and dissent of voting members, noting concerns related to future inflation.
Source: Morningstar