. Secretary of State Antony Blinken met with China's top diplomat, Wang Yi, during the Munich Security Conference. Blinken said they had a "very direct, very clear" conversation about China's infamous spy balloon. He added that Wang didn't apologize for the incident.Retail investors are flooding back to the stock market, investing an average of $1.51 billion a day, according to Vanda Research. These are theStocks in the U.S. ended the week slightly lower. The Dow rose 0.
Which brings us to the strange relationship between the economy and markets today. A widely accepted rule on Wall Street is that the Nasdaq, stuffed full of tech stocks whose value rests on future earnings, is the most sensitive to interest rates. Yet it's the only index that had a positive week, despite signs — like three-month highs on Treasury yields — that rates might end up higher than the Federal Reserve had projected.
We'll have a clearer picture of the U.S. economy this week. Earnings reports from retail giants Walmart and Home Depot will gauge consumer activity, while semiconductor firm Nvidia will indicate whether the rally in tech stocks can last. On Wednesday, minutes from the Fed meeting come out, and on Friday we'll see the personal consumption expenditure price index, which is the Fed's preferred inflation reading.
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Source: CNBC - 🏆 12. / 72 Read more »
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