SHAREALAM
SHAREALAM
February 12, 2025 at 02:35 AM
🇺🇸 US Stock Market Highlights (Tuesday) 📈 Index Performance Dow Jones: +0.28% NASDAQ: -0.36% S&P 500: Flat 📉 Key Factors Markets digested cautious commentary from Fed Chair Jerome Powell on interest rates, while concerns lingered over U.S. tariffs and a potential escalation of a global trade war. 🎙️ Powell’s Senate Testimony Signaled the Fed does not need to move quickly to cut rates. Stated the economy is “strong overall” with a solid labor market. Acknowledged inflation is easing but remains above the 2% target. 📊 Growth Stocks & Earnings Reactions Apple (+2.2%) 💪: Reports suggest a partnership with Alibaba to develop AI features for iPhones in China, helping curb market losses. 💹 Other Assets US 10-Year Yield: 4.53% Dollar Index: 108 💲 Brent Crude: $76.7/barrel ⛽ Gold: $2,905/ounce 🏆 Bitcoin: $95,850 💸 📆 Cues to Track on Wednesday 1⃣ Powell’s testimony before the House Committee on Financial Services. 2⃣ Earnings reports: CVS Health, Robinhood, Cisco Systems & MGM Resorts. 3⃣ Key Economic Data: January CPI (Consumer Price Index) release.

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