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On Friday, US equity markets closed mixed ahead of a three-day weekend, with the S&P 500 and Nasdaq posting weekly gains. Favorable inflation data conflicted with mixed earnings from major banks, including Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, impacted by FDIC assessments. The S&P 500 rose 0.1%, the Dow fell 0.3%, and the Nasdaq increased 3.1% for the week. The Russell 2000 was little changed for the week but down 3.8% year-to-date. The 10-year Treasury yield dropped to 3.943%, and the VIX rose to 12.70. Retailers and consumer discretionary shares weakened, while energy shares gained. Elsewhere, European equities also saw healthy gains, with Airbus leading gains after reporting record orders in 2023, while luxury shares in Paris declined due to a profit warning by Burberry.
Summary for 15.01.2024
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