Indiana Trust Wealth Management

A fitting reminder as we remember Memorial Day. #MemorialDay2024 #RememberMemorialDay

Indiana Trust is thrilled to congratulate our very own Cheron Merten for being honored at this year’s Michiana Forty Under 40 awards luncheon on Friday, May 17! Colleagues from Indiana Trust were incredibly proud to celebrate Cheron’s recognition alongside her husband, Matthew Merten! Join us in congratulating Cheron and all the remarkable honorees who are making a difference in our community! #MichianaFortyUnder40 #ServantLeadership #CommunitySupport #CareerDevelopment #IndianaTrustWealthManagement

At Indiana Trust Wealth Management, our commitment to community support complements our dedication to excellence in stewardship. On May 8, 2024, we participated in the Christ Child Society of South Bend's annual "Diaper Drop" event, helping local families in need by delivering hundreds of new diapers in a variety of sizes! This initiative reflects Indiana Trust's broader Community Partnership commitment, aimed at creating positive change through strategic partnerships with charitable organizations for the well-being of the communities in which we operate! #IndianaTrustWealthManagement  #35YearsOfLegaciesBuiltOnTrust  #IndianaTrustCommunityPartnership2024 #ChristChildSociety #DiaperDrop2024 Details: https://lnkd.in/gFu9E5Sz

The markets enjoyed a solid week of gains on the heels of favorable corporate earnings data and a softer-than-expected employment report. Investors could be viewing the dip in job hires and wage growth as the fuel the Federal Reserve needs to consider interest rate cuts. The Fed has consistently maintained that a softening labor market would help drive inflation lower. The Russell 2000 and the Nasdaq led the benchmark indexes listed here. Ten-year Treasury yields, gold prices, and the dollar declined. Crude oil prices slid more than 6.5% amid rising inventories and a push for a Gaza ceasefire. Full report: https://lnkd.in/g_pjP6Ke

Stocks closed last week higher, driven up by tech and communication shares. Each of the benchmark indexes listed here climbed higher, led by the Nasdaq, which rose more than 4.0%. With nearly 50.0% of S&P 500 companies reporting first-quarter earnings, 77.0% reported positive earnings per share and 60.0% reported positive revenue according to the latest information from FactSet). Each of the market sectors closed last week ahead, with consumer staples and information technology leading the way. Ten-year Treasury yields rose 5.0 basis points. The dollar was relatively flat. Crude oil prices gained 0.5%, while gold prices fell 2.2%. Full report: https://lnkd.in/gcX9qQzP

Indiana Trust Wealth Management is proud to announce Cheron L. Merten, CTFA™, CFIRS™, has been named to the 2024 Michiana Forty Under 40 class, recognizing her as one of the area's most influential up-and-coming professionals under 40 years old. This prestigious accolade highlights exceptional individuals who not only excel in their professional fields but also strive to make significant contributions to the Michiana community. Details: https://lnkd.in/gWmnw4z7

Despite a late-week surge, stocks closed lower last week. Investors saw the continued strength of the labor market (see below) as increasing the chances of a soft landing for the economy, while potentially delaying the Federal Reserve from cutting interest rates. Each of the benchmark indexes listed here lost value, with the Russell 2000 and the Dow falling more than 2.0%. Ten-year Treasury yields rose as bond prices slid. Communication services, energy, and materials were the only market sectors to end the week ahead. Gold prices continued to surge, while crude oil prices rose by over 4.4%. Rising inflation, increased travel, a reduction in production, and the ongoing conflicts in the Middle East have contributed to the rise in crude oil prices. Full report: https://lnkd.in/gTtzzySK

Stocks finished the month of March in solid fashion. Each of the benchmark indexes listed here posted gains, with the exception of the Nasdaq. Bond yields dipped lower. Crude oil prices advanced, while energy shares ended up being a top performer. The dollar inched higher, while gold prices continued to climb. Full report: https://lnkd.in/gkbqWHWd

Equities closed lower for the second straight week last week, with the Russell 2000 losing nearly 2.0%. A sell-off in tech shares pulled the Nasdaq down 0.7%, marking the first back-to-back weekly losses since last October. Higher-than-expected inflation data may have raised investor concerns that the Federal Reserve may keep interest rates elevated for longer than hoped for. Information technology, consumer discretionary, health care, industrials, real estate, and utilities underperformed, while energy jumped more than 4.0%. Long-term bond prices slipped, driving yields higher. The dollar ended the week higher. Crude oil prices rose 4.0%. Gold prices declined, ending a three-week rally. Details: https://lnkd.in/eZPYbUu7

Wall Street fell from record highs to close generally lower last week. A better-than-expected jobs report helped support the notion that the economy remains strong and that the Federal Reserve will likely cut interest rates, possibly after their June meeting. However, the unemployment rate ticked up for the first time in four months. The tech-heavy Nasdaq led the decline in the benchmark indexes for the week, with only the Global Dow and the Russell 2000 closing higher. Crude oil prices posted a weekly loss as China's demand waned. Gold prices rallied to their largest weekly increase in five months, driven higher by optimism of mid-year interest rate cuts. https://lnkd.in/gME5gt5E