Economic news: S&P Global US services PMI, January final (52.9 expected, 52.9 prior), S&P Global composite PMI, January final (52.3 expected), ISM services index, January (52 expected, 50.5 prior).
Weekly Market and Earnings Overview:
S&P 500 reaches an all-time high closing.
All major indexes see gains despite a volatile week.
Influential Tech Earnings and Federal Reserve’s Stance:
Mixed reactions to tech earnings from Microsoft and Alphabet.
Fed Chair Jerome Powell signals unlikely March interest rate cut.
Key Earnings Driving Market Rally:
Impressive earnings from Meta and Amazon boost market confidence.
Robust January jobs report further fuels stock market rally.
Corporate Earnings Spotlight:
Upcoming earnings from Eli Lily, Disney, Spotify, McDonald’s, Chipotle, and Pepsi.
Investor focus on corporate performance amid light economic calendar.
Interest Rate Cut Debate Continues:
Powell seeks more certainty on inflation before considering rate cuts.
January jobs report supports cautious Fed stance on interest rates.
Earnings Outlook and Market Sentiment:
Positive shifts in S&P 500 earnings expectations.
Analysts adjust Q1 earnings estimates; market watches for further changes.
Upcoming Economic Data:
Limited economic data expected; focus on jobless claims and services sector update.
Investor Watch Points:
Market to react to additional corporate earnings reports.
Interest rate cut probabilities adjust based on recent economic indicators.