Impact of selected macroeconomic factors on financial markets: a case study of the USA

Abstract

The financial environment is under great pressure as a result of dynamically changing macroeconomic factors. In this situation, full of uncertainty, understanding the relationship between macroeconomic factors and financial markets becomes a key issue. Market analysts and investors are constantly studying the impact of various variables on the stability of the economy and the performance of financial markets. The purpose of this study is to analyze the impact of selected macroeconomic factors on financial markets over the 2018-2022 period, using the Nasdaq 100 index. Variables such as GDP, inflation, interest rate, consumer confidence, unemployment and changes in commodity prices are examined in terms of their relationship to the returns of the US technology index. The results of the analysis allow researchers of the topic, as well as stock market investors, to draw conclusions about potential market trends, providing valuable guidance for portfolio managers in a dynamic macroeconomic environment. The main value of the study is to assess how these selected factors affect stock market indices.