S&P 500 weekly
Closing modifications on the day:
- S&P 500 up 0.2%
- DJIA +0.1%
- Russell 2000 -0.2%
- Nasdaq Comp +0.1%
- Toronto TSX Comp +0.2%
Closing modifications on the week:
- S&P 500 down 1.5%
- DJIA -0.6%
- Russell 2000 -3.6%
- Nasdaq Comp -3.25%
- Toronto TSX Comp -0.3%
Coming into this week, the S&P 500 and Nasdaq had rallied for 9 straight weeks in a transfer that highlights the facility of the Fed pivot. Some revenue taking was in all probability delayed by the flip of the calendar but it surely arrived this week. Is there extra to come back? I might see the argument for that, particularly as a result of Fed funds have repriced price cuts all the way down to 137 bps.
For subsequent week although, the large launch might be December CPI. A delicate quantity places a March reduce proper again into play.
