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.
Anticipating next week’s US company earnings updates. Key insights, market reactions, and expert analysis. Stay informed on the latest financial updates and trends.
US stocks gave up some gains late in the session, as the post-Fed rally pushed stocks into overbought territory, triggering concerns that the surge may have been too much too soon.
