Weekly Commentary | March 10, 2024 | Pioneer Raises To Match The Rest Of The Field

Summary

• Markets were slightly lower on the week, with the Nasdaq down over 1% and the S&P up 7.5% YTD.

• The employment report showed 275K jobs added, but with revisions lower to prior months and a rise in the unemployment rate to 3.9%.

• Average hourly earnings rose 0.1%, below expectations and down sharply from January's increase of 0.5%.