Stock Market Activity Summary (Feb 26th - Mar 2nd, 2024):
Overall: The market closed up for the week, fueled by positive earnings reports and some relief from geopolitical tensions.
- S&P 500 (SPX): Up 0.54% (5,137.08), closing at a new all-time high on March 1st.
- Russell 2000 (RUT): Up 1.23% (2,130.60), also closing at an all-time high on March 1st.
Sector Performance:
- Technology: Broadly positive performance, with strong gains from companies like Alphabet, Meta Platforms, and Amazon.
- Healthcare: Continued positive momentum with positive earnings reports.
- Financials: Mixed performance, with some banks rising and others falling, but overall slightly positive.
- Energy: Upward trend continued, but with a slight moderation compared to the previous week.
Major Market Moving Announcements:
- FOMC Minutes Release: As previously mentioned, this event occurred on February 28th and influenced investor sentiment regarding future rate hikes.
Upcoming Market Events (Week of March 5th - March 10th, 2024):
- Durable Goods Orders: Monday, March 5th.
- ISM Non-Manufacturing PMI: Friday, March 9th.
Major Company Earnings Announcements (Next Week):
- Tesla (TSLA): Tuesday, March 6th
- PayPal (PYPL): Wednesday, March 7th
- Qualcomm (QCOM): Wednesday, March 7th
- Spotify (SPOT): Thursday, March 8th
Disclaimer: This information is for informational purposes only and should not be considered financial advice. Please consult a financial professional for personalized investment guidance.