NYSE MAC Desk Weekly Recap - January 6

We have officially wrapped up the first trading week of 2023. In a microcosm this week was a reminder that just because we have turned the page on the calendar the headwinds that equity markets were facing throughout last year haven't magically disappeared. It was a choppy start to the week and coming into today it looked like the S&P 500 would extend its weekly losing streak to five weeks for the first time since last May. However, a sharp decline in yields following an easing of wages in today's Employment Report and a sharp drop in ISM Services propelled equity markets higher. The S&P 500 ended near session highs up 2.3%, leaving the index up 1.4% for the week.

Read the rest of the Weekly Recap here.