Market Recap: Evaluating CPE Data and Economic Trends

As the week began, investors turned their attention to upcoming key economic data, leading to a sluggish start for the Major Indices. The Dow stumbled by 0.2%, while the S&P500 experienced a 0.4% decline, and the Nasdaq slipped 0.1%.

Tuesday’s session saw mixed results as concerns about a potential government shutdown and disappointing Consumer Confidence data weighed on the market. The Dow dipped by 0.3%, while the S&P500 managed to pick up 0.2%, and the Nasdaq added 0.4%.

Mid-week brought cautious trading as investors awaited the release of the Personal Consumption Expenditures (PCE) data. The Dow edged down by 0.1%, the S&P500 fell 0.2%, and the Nasdaq decreased 0.6%.

Thursday’s release of PCE data provided some relief, indicating a cooling in inflationary pressures and prompting stock prices to rise. The Dow gained 0.1%, the S&P500 climbed 0.5%, and the Nasdaq soared 0.9%.

Closing out the month of February, the Major Indices recorded healthy gains, buoyed by eased interest rate fears and upbeat earnings from Dell. Friday’s trading session saw the Dow finishing 0.2% higher, the S&P500 increasing by 0.8%, and the Nasdaq surging 1.1%.

While the S&P500 and Nasdaq managed to notch week-over-week gains, the Dow closed lower, rounding out a mixed performance for the week.

Stay tuned for our video forecast on the week ahead, where we’ll provide insights and predictions to help navigate the ever-changing landscape of the stock market.

Time Is Money: The Week ahead in Under 5!

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