The Stock Market
The U.S. stock market continues to amaze most observers. Early April was characterized by a number of record highs for the major stock indexes, including the S&P 500. Although reported first-quarter earnings have increased only modestly, optimism abounds for horizons over a year or two. Recently, however, some nervousness has surfaced.
Suggested citation: “The Stock Market,” Federal Reserve Bank of Cleveland, Economic Trends, no. 98-05, pp. 05, 05.01.1998.