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Strength of the Market
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The Strength of the Market is: Strong

Stocks dropped to end last week after the most recent inflation numbers came in much hotter than expected. Growing fears about the impact of artificial intelligence, worries about the overall health of the economy and, now, sticky inflation is causing some turbulence for investors. For February, both the S&P 500 and Nasdaq finished lower. The Dow Jones was slightly higher. Over the weekend, the United States and Israel attacked Iran, killing Supreme Leader Ayatollah Ali Khamenei. Iranian officials have vowed a forceful retaliation, raising fears that the conflict could spread across the Middle East region.

 

Economic reports from last week came back mixed:

•Single-Family Home Values - lower than expectation

•Consumer Confidence - higher than expectation

•Construction Spending - in-line with expectation

•Inflation (Producer) - higher than expectation

•Jobless Claims - lower than expectation

 

This week, investors will look for guidance from economic reports like Construction Spending, Vehicle Sales, Employment, Labor Productivity, Consumer Credit and Jobless Claims.

 
 
 

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