📈 The S&P 500 reached a record high last week as inflation data fueled optimism about potential Federal Reserve rate cuts.
✔ Nasdaq Composite (^IXIC) +2.5%
✔ S&P 500 (^GSPC) +1.5%
✔ Dow Jones Industrial Average (^DJI) +0.5%
💼 Earnings Reports: Investors will watch Walmart (WMT) and Alibaba (BABA) as part of a holiday-shortened trading week (markets closed Monday for Presidents’ Day).
📊 Fed Watch: The Federal Reserve’s January meeting minutes (due Wednesday at 2 p.m. ET) may offer clues on interest rate cuts after inflation data showed price increases slowed in January.
🏭 Manufacturing & Services Data: Investors will monitor economic activity updates and consumer sentiment reports for signs of economic health.
Despite higher-than-expected inflation in January, economists still expect rate cuts in 2025. Morgan Stanley’s Michael Gapen says the Fed is closer to cutting rates than hiking them.
🔹 The “Magnificent Seven” tech rally broadens:
🔸 Meta (META) +25% YTD, up 20 straight days
🔸 Amazon (AMZN) and Meta outperforming the S&P 500
🔸 More stocks contributing to gains, not just Big Tech
📊 With markets near record highs, investors are focused on Fed signals, corporate earnings, and economic data. Will the momentum continue? 🚀
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