Last week's whipsaw move from a 2% mid-week plunge to Friday's 2% gains might be hard to top. January nonfarm payrolls, retail sales, CPI, and a long list of Fed speakers loom.
Friday's sharp rebound keyed by software and chips took a breather early awaiting Wednesday's jobs report. Yields rose after Japan's election and amid worries over Chinese demand.
Crude oil futures ended the week in the green after cargo tracking data showed Russian oil exports fell to 3.4 million barrels per day in January, down 11.3% from December.
The latest perspective on the bond market from the Schwab Center for Financial Research, including a deep-dive on corporate and municipal bond markets.
Strength in the beaten-down tech sector gave early support today even as Amazon cratered 8% on worries about its spending plans. AI and chip stocks rose and bitcoin also rallied.
The Dow Jones Industrial Average and S&P Equal Weight hit fresh all-time highs to close out the week, supported by money rotation away from non-tech areas of the market.
Dennis DeBusschere joins Liz Ann Sonders to discuss why strong post‑COVID productivity, a weaker dollar, and evolving AI dynamics are reshaping macro trends.
Tech weakness weighed on indexes so far this week, but there's strength below the surface. Investors await Amazon later while mulling Alphabet's results, and job openings are due.
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