The Dow Jones Industrial Average (Dow) gained 2.48% in April and is up 2.87% so far this year. The S&P 500 Index gained 1.46% during the month and was up 8.59% in the first four months of the year. The Barclays Aggregate Bond Index was up 0.61% in April and is now up 3.59% this year.

Gross Domestic Product (GDP) slowed to a 1.1% annual rate (less than the 1.9% forecasted) during the
first quarter of 2023, a $53.4 billion decrease from 2.6% annual growth rate in the fourth quarter of

April 2023 Market Update