nior Market Analyst at online trading platform IG. Stocks end another dismal week in the red “Earnings season continues to dominate global stock indices on the last day of another dismal week with the Nasdaq 100 benefitting from better-than-expected AI driven Amazon results. These were not enough to guarantee the S&P and Dow Jones Industrial Average a positive ending to the week, though, as the Fed’s preferred PCE inflation gauge rises the most in four months.
European stock indices also couldn’t replicate some of their Asian counterparts’ week-end rallies and instead ended the day and week in the red. Earnings, the Middle East and rate decisions “Heightened tensions in the Middle East and a plethora of central bank decisions by the likes of the BoJ, Fed and BoE will dominate the calendar next week ahead of Friday’s all-important US Non-Farm Payrolls.