Market Briefings

The major U.S. stock indexes slipped for the second week in a row, as the market’s strong daily gain on Tuesday was offset by declines later in the week.

Last week saw a very strong market extension helped by a strong fourth-quarter earnings season, suggesting that a reacceleration is underway, supporting new highs in stocks.

Last week saw a very strong market extension helped by a strong fourth-quarter earnings season, suggesting that a reacceleration is underway, supporting new highs in stocks.

The major stock market indices surged to record highs last week, having eclipsed the previous high in January 2022 on the back of a new bull market that has delivered a 45% return since October 2022.

Last week, stocks were modestly lower, and Treasury bond yields were higher as the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) inflation reports for January came in hotter than expected.