Equities posted a record high close on Friday for the first time in two years, fueled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
Global markets show mixed trends: US job claims at record low, tech stocks like Apple surge, while commodities rebound and Bitcoin declines amid rate cut debates.
Equities continued to drop as Treasury yields advanced, squeezing tech after stronger-than-expected economic data muddied investor expectations for a Federal Reserve March rate cut.
Equities fell away from recent highs as Fed’s Waller spoke, throwing cold water over the markets lofty rate cut expectations.
Equities in the US were closed overnight for Martin Luther King Day. Equity index futures were open, with the DOW -0.06% S&P500 -0.09% and Nasdaq -0.02%
Uranium continued its strong run, settling at another fresh 16 year high of $106lb.
Equities closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
Equities as investors digested data showing that U.S. consumer price inflation came in above economists’ expectations in December.
Equities were firm overnight, built on the strength in megacaps, but gains were limited ahead of inflation reports and major bank earnings later in the week.
Equities closed lower on Tuesday, pressured a rise in Treasury yields as investors assess the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.
Tech leads U.S. market rebound with Nvidia’s surge, while Boeing faces decline and commodities falter amidst cautious optimism from financial analysts
Equity markets finished slightly higher in choppy trade Friday after conflicting economic data.
Profit-taking continued for a second day after a strong finish to 2023, where the S&P500 rallied 15% since early November.
