Weekly Market Recap - Friday, 17th May

US equities were modestly higher this week, with major indices logging their fourth consecutive week of gains. It was a week of renewed momentum for some meme stocks, including GME +27.2%. April core CPI was in line with the headline a bit softer than expected. It was a lighter week for Q1 earnings, with only seven S&P constituents reporting. Overall, the season continues to come in better than expected.