GET TRENDING FINANCIAL NEWS AND INSIGHTS FIRST

Stocks struggled yesterday in the wake of Powell’s primetime weekend wakeup call and continued economic strength. The services sector is expanding… and with it prices paid, which jumped last month.

Stocks gained on Friday on a stronger-than-expected economy and on the back of social media giant Meta… er, Facebook… you know 👍👍👍. Companies went gangbusters in hiring last month… not bad for a “faltering” economy.

Stocks gained yesterday as dip buyers search for bargains in the wake of Wednesday’s dip. All eyes will be on the tape this morning (the Fed’s included) for monthly employment figures.

Stocks dipped yesterday after Fed Chair said he did not expect to cut rates in March – no one was surprised, but everyone was unhappy ☹. Yesterday morning’s ADP report was largely overshadowed by the Fed, but it showed a marked slowdown in hiring.

Stocks had a mixed close yesterday on… mixed earnings. Confidence on the here-and-now is strengthening, the future, not so much, according to The Conference Board’s latest survey.

Stocks rallied yesterday, spurred into record territory by a smaller than expected Treasury funding announcement that drove yields lower. The move highlights the increasing reliance stocks have on the once-sleepy bond market.