Company / Analytics

Analytics, 26 February 2023

Week 08 in Brief

North America

U.S. stocks fell sharply Friday, wrapping up their worst week of 2023 after the Federal Reserve’s preferred inflation gauge showed a stronger-than-expected increase in prices last month. The core personal consumption expenditures price index, the Fed’s preferred measure of inflation, rose 0.6% in January and 4.7% from the prior year, coming in above economists’ expectations.

How did the Major Indices Perform?

On Friday:

For the Week:

What Drove the U.S. Market?

How Did the European Markets Perform?

How did Asian Markets Perform

Bonds and Commodities


Next Week

Next week, we’ll get more earnings reports from major retailers, with Target, Lowe’s, and Costco scheduled to report. Other companies reporting next week include Salesforce, Zoom Video Communications, Broadcom, Hewlett Packard, Dell Technologies, TD Bank, Best Buy, and AutoZone, among others. Data on January pending home sales will arrive on Monday, followed by the latest updates on national home prices on Tuesday.

Purchasing Managers’ Index (PMI) survey readings from S&P Global and the Institute for Supply Management (ISM) will provide the latest information on business conditions in the U.S. The U.S. Supreme Court will also hear two cases that could determine the fate of President Biden’s student loan forgiveness plan.

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