Your current location is:{Current column} >>Text
Nasdaq 100 hits new high as Nvidia rises, Microsoft falls, and Treasury yields decline.
{Current column}664People have watched
IntroductionLast Friday, the major stock indexes on Wall Street in the United States showed mixed results. The N ...
Last Friday,TR Forex latest news today the major stock indexes on Wall Street in the United States showed mixed results. The Nasdaq 100 rose by 0.4%, reaching a record high closing level. In the tech sector, Nvidia increased by 2.6%, Apple was up 1.3%, while Microsoft fell by 0.5%, and Amazon slipped by 0.7%. The market was broadly influenced by U.S. economic data and Trump's trade policies, with U.S. Treasury yields dropping for the second consecutive day. The 10-year Treasury yield closed at 4.44%, down about 7 basis points.
Data released by the U.S. Department of Commerce showed that January retail sales fell by 0.9%, a steeper decline than expected, though December's data was revised up to show a 0.7% increase. In addition, the Producer Price Index for January rose, but a key component of the Federal Reserve’s preferred measure of inflation, the Core Personal Consumption Expenditures (PCE) Price Index, suggested a more moderate inflation trend, which bolstered market sentiment last week.
On trade policy, former President Trump directed his economic team last Thursday to develop a "reciprocal tariffs" plan, which means imposing equivalent tariff measures on all countries that levy tariffs on U.S. exports. However, this plan did not involve any new tariff increases. Commerce Secretary nominee Wilbur Ross stated that the government would evaluate the affected countries individually and aims to complete the relevant research by April 1.
Market participants are closely watching Trump's trade policy developments. Dennis Dick, a trader at Triple D Trading, noted that "Currently, all market focus is on Trump's next moves. A tariff war could become a key factor dominating market trends." Meanwhile, Federal Reserve Chairman Jerome Powell’s recent hawkish comments, along with previous U.S. tariffs on imported steel and aluminum, have further heightened market volatility.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Dow Jones, Nasdaq, S&P 500 weekly preview: The end of the Fed hiking cycle? By
{Current column}The ended 0.9% higher last week to secure the highest weekly close since August last year. The inde ...
Read moreStarbucks to exit Russia after nearly 15 years By Reuters
{Current column}2/2© Reuters. FILE PHOTO: The Starbucks logo is seen outside a Starbucks cafe in Warsaw March 6, 201 ...
Read moreRussian rouble rallies past 62 vs dollar, reversing last week's heavy losses By Reuters
{Current column}© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Omsk, Russia February ...
Read more
Popular Articles
- Oil slips as U.S. debt caution offset supply concerns By Reuters
- India restricts sugar exports at 10 million tonnes By Reuters
- JPMorgan raises 2022 interest income outlook ahead of investor conference By Reuters
- European Stocks Higher; China's COVID News, Spanish Inflation in Focus By
- This week in EVs: Tesla's terrible, no good week
- Shanghai edges towards COVID reopening as Beijing plans to ease curbs By Reuters
Latest articles
-
Maduro and Lula hit out at US sanctions on Venezuela By Reuters
-
Dollar Weakens; Heading for Monthly Drop on Rising Risk Sentiment By
-
'Snap Drops a Bomb': Snap Stock Crashes Nearly 30% on Forecast Cut, Musk
-
Economic storm looming, business and government leaders warn in Davos By Reuters
-
Serbian man confesses to killing eight in shooting rampage By Reuters
-
Wall St set to rebound after volatile week; takeover talks boost VMware By Reuters