16 Feb 2023 - Stocks ticked higher Wednesday as traders mulled stronger-than-expected retail sales along with the latest US inflation data. Later this week, traders will also be listening to speeches from Federal Reserve officials for any signs of what the central bank may do at its next meeting in March.
15 Feb 2023 - Stocks wavered Tuesday and the Dow fell, reversing earlier gains, after the January consumer price index report showed that inflation grew at a higher-than-expected 6.4% annual rate. However, the CPI figure showed that it edged slightly lower from the 6.5% figure shown in December. That marked the seventh straight month of easing inflation since peaking at 9.1% in June.
14 Feb 2023 - Stocks rose Monday as traders looked ahead to Tuesday’s key inflation report, regaining their footing after the S&P 500 and Nasdaq Composite suffered their worst weekly declines in nearly two months. Investors will get more inflation data tomorrow when January’s consumer price index report will be released, showing if price increases have continued to slow amid the central bank’s rate hikes.
13 Feb 2023 - The S&P 500 eked out a narrow gain in Friday’s session but still had the worst week in nearly two months. Investors digested the most recent interest rate hike, economic data and recent commentary from Federal Reserve speakers. That caused intraday moves, as investors changed positions while predicting how the central bank will act on interest rates going forward.
10 Feb 2023 - Stocks fell Thursday, giving up early advances as concerns over the Federal Reserve's future moves on monetary policy offset excitement around the latest batch of corporate earnings.
09 Feb 2023 - US stocks slid Wednesday as investors returned focus to the latest batch of corporate earnings. Wall Street also continued to weigh the outlook for future Federal Reserve policy moves. With the US reporting season still playing out - rising interest rates are starting to affect earnings.
08 Feb 2023 - Stocks advanced Tuesday following Federal Reserve Chair Jerome Powell’s comments that inflation was on the decline.The Fed Chair repeated post-FOMC meeting messaging during his appearance at the Economic Club of Washington, noting that the disinflationary process will be bumpy and further rate increases will likely be necessary. He stated that if strong labour market data continues, the Fed will raise rates, but he expects the labour market to soften.
07 Feb 2023 - US stocks fell Monday as investors grew increasingly cautious of rising bond yields, while watching the latest batch of corporate earnings. Investors will also watch on Tuesday for Federal Reserve Chairman Jerome Powell’s remarks before the Economic Club of Washington. Powell’s comments on disinflation caused investors to bid shares higher last week and overlook another rate hike out of the central bank.
06 Feb 2023 - Stocks fell on Friday due to a strong jobs report, causing some investors to worry about the Federal Reserve continuing to raise interest rates. The seemingly endless announcements of mass layoffs notwithstanding, Americans haven’t been this employed in more than fifty years. The Bureau of Labor Statistics said on Friday that the US added a whopping 517,000 jobs last month and the unemployment rate dropped slightly, to 3.4% - the lowest it’s been since 1969.
03 Feb 2023 - The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year. The broader market index jumped 1.47% or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.25% or its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.
