Company / Analytics

Analytics, 05 March 2023

Week 09 in Brief

North America

Stocks rallied Friday to send Wall Street to its best day in six weeks. Treasury yields eased from their recent highs and investors weighed the cumulative impact from Fed hikes already implemented and digested this week’s comments from the central bank.

The yield on the 10-year Treasury fell back to 3.96% from 4.06% late Thursday. It’s a respite from its shot higher over the last month as expectations rose for a firmer Fed.

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

Latest reports will be released in the coming week on the labor market, including the JOLTS report for January, ADP’s National Employment Report, and the February nonfarm payrolls report

Federal Reserve Chair Jerome Powell will testify before Congress on Tuesday and Wednesday as part of his semiannual Congressional testimony on monetary policy President Biden will outline his budget proposal for the upcoming fiscal year to Congress on Thursday. The new budget may contain higher taxes on billionaires and upper-income households earning over $400,000 a year.

Apple will hold its annual shareholders’ meeting virtually on Friday, where the company is expected to re-elect its board of directors, approve executive pay, vote on shareholder proposals, and more.

Choose one or several trading platforms and achieve your goals with Investors Europe

Investors Europe (Mauritius) Limited is authorised and regulated by the FSC Mauritius, license C112011088. Registered address: 4th Floor, Les Jamalacs Building, Vieux Conseil Street, Port-Louis 11328, Republic of Mauritius. Registered Number: 113933.

Any information contained on this website is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. Investing in certain instruments, including stocks, options, futures, foreign currencies, and bonds involve a high level of risk. Trading on margin comes with substantial risk as well. You must be aware of these risks before opening an account to trade. The income you may get from online investing may go down as well as up.