Despite Friday's 2.4% rally, the S&P 500 is headed for its worst month since March 2020 when the Covid pandemic was declared.
added 3.1%. But like the S&P 500, the Dow is tracking for its worst month since October 2020 and the Nasdaq is on pace for its worst month going all the way back to October 2008 in the throes of the financial crisis that led to the Great Recession.
did pull all three stock benchmarks into positive territory for last week. However, the Nasdaq remained in a deep correction.major companies reporting earnings takes a pause Monday, before continuing in earnest for the remainder of the week. Wall Street has so far been underwhelmed with some of what it's seen from tech, sending shares of Tesla, Intel and Netflix sharply lower after each of those reports. Last week, Apple and Microsoft fared better, though, which could bode well for the remaining mega caps. After Chevron missed on earnings Friday, Tuesday brings Exxon Mobil as well as Google parent Alphabet and General Motors.
. The White House does not get access to sensitive economic numbers. However, Deese, director of the National Economic Council, and his staff are likely doing their own analysis.
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