(Bloomberg)-A roller coaster week for markets ended on the same note, with shares waving while traders tried to understand a large number of headlines around the economy, rates and geopolitical developments.
Most of them read from Bloomberg
Only a few minutes after a slide that drove the S&P 500 with more than 1%, the meter organized a “bounced bouncement”, because the Federal Reserve chairman Jerome Powell said the economy is fine. The Nasdaq 100 went away from the threshold of a correction. Bonds fell. In the first signal of a positive response from President Vladimir Putin to the call of the American counterpart Donald Trump for a cease -the fires, Russia would be willing to discuss a temporary ceasefire in Ukraine. The dollar saw its worst week since November 2022.
“What I do know is that volatility seems to be the only thing that is certain at the moment,” said Kenny Polcari at Slatestone Wealth. “Investors must ensure that they understand and are prepared for what that means. So make sure you are well diversified for this ride. “
It has been a whirlwind of a week before markets, because rates are getting a fever, which drove the S&P 500 in a downward play that ran shortly below a well-viewed technical level: the 200-day advancing average. While the meter saw a rebound in the late day, it still ended with its worst weekly sale since September.
Wall Street also kept an eye on the latest economic data. The growth of the American jobs that were steadily last month, while the unemployment rate rose – a mixed snapshot of the labor market. Non -agricultural wage lists rose in February with 151,000 after a downward revision until the previous month. The unemployment rate climbed to 4.1%.
“We are not currently placing many shares in the job report,” said Byron Anderson at Laffer Tenger Investments. “Today’s data were at its best mixed, but we still have no clarity about the economy. Markets, companies and consumers do not like uncertainty and that means increased volatility. “
Some of the most important movements in markets:
Stock
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The S&P 500 rose by 0.6% from 4 p.m. New York Time
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The Nasdaq 100 rose 0.7%
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The industrial average of Dow Jones rose by 0.5%
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The MSCI World Index rose by 0.2%
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Bloomberg Magnificent 7 Total Return Index rose by 0.2%
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The Russell 2000 -Index rose by 0.4%
Currency
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The Bloomberg Dollar Spot Index fell by 0.2%
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The euro rose by 0.6% to $ 1,0851
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The British pound rose by 0.4% to $ 1,2929
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The Japanese yen had not changed much at 147.89 per dollar
