Fed Chairman Powell's remarks, highlighting the strength of the U.S. economy amid rising uncertainties, boosted risk appetite, leading Wall Street indices to close with nearly a 1% rise on Friday.
>> Key Index Performance:
- Nasdaq Composite closed at 18,196.22, up 0.70% on the day but down 3.45% for the week.
- NYSE Composite closed at 19,573.06, rising 0.34% on the day but falling 2.27% for the week.
- S&P 500 closed at 5,770.20, gaining 0.55% on the day but dropping 3.10% for the week.
- Dow Jones Industrial Average EW closed at 13,365.73, increasing 0.69% on the day but down 2.10% for the week.
>> Key Market Indicators:
- The Dollar Index (DXY), a closely watched gauge of the U.S. dollar’s performance against other major currencies, closed at 103.91, declining 0.29% on the day and 3.40% for the week.
- The Brent crude oil, the global oil price benchmark, settled at $70.36, rising 1.30% on the day but falling 3.36% over the week.
- The Gold ended at $2,911.61, ticking up 0.04% on the day and gaining 1.91% for the week.
- The 2-year U.S. Treasury yield particularly responsive to Federal Reserve policy rates, stood at 4.00 bps, increasing 3.10 bps on the day but slipping 0.50 bps over the week.
- The 10-year U.S. Treasury yield an indicator of long-term borrowing costs, closed at 4.30 bps, climbing 2.50 bps on the day and rising 8.10 bps for the week.
>> What to Watch This Week:
This week in the US, inflation data will be in focus as markets assess tariff impacts on costs, along with the JOLTS job openings report, Michigan consumer sentiment, inflation expectations, and the Monthly Budget Statement.
In Europe, Germany's industrial production data for January is being watched, while Japan's final GDP growth for Q4 of last year will be released tomorrow.
Check out our weekly newsletter for more insights...
#EquityRT #MarketWatch #Nasdaq #SP500 #DowJones #DollarIndex #Oil #GoldPrices #TreasuryYields #Macroeconomics #MacroeconomicIndicators #Fed #Inflation #GDP #GDPGrowth #PMIData #PMIReports #Eurozone #EconomicGrowth #InflationRate #InflationData #InterestRates #CPI #PPI #USStockMarket #USEconomy #EuropeanMarket #EuropeanEconomy #AsianMarket #AsianEconomy #GlobalData #FinancialNews #EconomicIndicators #EquityRTInsights #EconomicResearch #EconomicUpdate #GlobalMarkets #InvestmentTrends #StockMarketAnalysis #MarketRecap #MacroResearch #TrendingTopics #TrendingOnLinkedIn #TrendingNews #FinancialResearch #Investments #InvestmentResearch?