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Tuesday’s US market witnessed a mixed performance, with shares closing relatively flat. While the S&P 500 held steady, the NASDAQ experienced a decline of over 0.7%. European markets saw gains fuelled by positive eurozone GDP data. Short-term yields rose in response to favorable economic indicators, indicating caution regarding potential Fed rate cuts. JPMorgan Chase surged by 2.1%, leading to gains in the Dow. Technology shares eased ahead of earnings reports from Microsoft and Alphabet. Investors now await the outcomes of the FOMC meeting later today and the Nonfarm Payrolls report on Friday for crucial market cues.
Summary for 31.01.2024
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