Market Update: April 2024

Monthly Market Summary

The S&P 500 Index returned -4.0%, outperforming the Russell 2000 Index’s -6.8% return. Ten of the eleven S&P 500 sectors traded lower in April, led by Real Estate.

Corporate investment-grade bonds produced a -3.2% total return as Treasury yields rose, while corporate high-yield bonds produced a -1.3% total return.

International stocks outperformed U.S. stocks. The MSCI EAFE developed market stock index returned -3.2%, while the MSCI Emerging Market Index returned -0.2%.

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