US markets had a mixed end to the week on Friday as investors continued to digest the latest data updates that came on top of the earlier weaker CPI print and a resilient Fed. The Nasdaq squeezed higher to record a fifth straight record high on the bounce, but most markets closed out the week close to flat from the day before.
Markets will likely have a muted start to the trading week today after last week’s close, however investors are expecting today to be the anomaly rather than the norm as the event calendar picks up swiftly as we progress through the week with key interest rate decisions due as well as a raft of tier 1 data releases scheduled.
| Market | Change | Close |
| Dow | -0.15% | 38,589 |
| S&P | -0.04% | 5,431 |
| Nasdaq | +0.12% | 17,688 |
| USD | +0.3% | 105.55 |
| US Treasury – 2 Year | +0.4 bps | 4.692% |
| US Treasury – 10 Year | -2.3 bps | 4.217% |
| Oil – Brent | -0.16% | $82.62 |
| Oil – WTI | -0.22% | $78.45 |
| Gold | +1.3% | $2,332 |
Today’s Events:
Asian Session
- 12.00pm – China – Industrial Production Data
- 12.00pm – China – Retail Sales Data
US Session
- US – Empire State Manufacturing Index Data
