Wall Street paused for breath on Friday, with the S&P 500 index holding around the waterline mid-session in New York, after a five-day rally that pushed the market to new all-time highs this week . Meanwhile, investors’ attention has focused on the forex and gold markets.
The dollar experiences its worst weekly performance since July 2023, as President Donald Trump refrained from imposing new tariffs in its first week and stepped up pressure on the Federal Reserve, urging the central bank to lower interest rates. The US dollar index fell 0.7% on Friday, down 1.7% for the week, the index is followed by theInvesco DB USD Index Bullish Fund ETF (NYSE:UUP).
The Bank of Japan also compounded the move by raising interest rates by 25 basis points to 0.5%, the highest level since 2008, in a move that largely met expectations.
Gold benefited from a weak dollar and growing tensions between the president and the central bank, posting another week of solid gains and approaching all-time highs. Gold, followed by SPDR Gold Trust (NYSE:GLD), was at $2,777 per ounce.
On the macroeconomic front, S&P Global reported a slowdown in private sector growth in January, with the services sector experiencing an unexpected setback, despite manufacturing expanding for the first time in seven months.
One caution came from the University of Michigan Consumer Confidence Survey, which revised down the consumer confidence indicator for January and highlighted upward trends among households preferring to make purchases. purchases in advance to avoid possible price increases linked to tariffs.
-On the cryptocurrency market, Bitcoin (CRYPTO:BTC) climbed 2.5% following the executive order signed by Trump on Thursday, aimed at strengthening the leadership of digital assets in the United States.
Performance of major stock indices, ETFs and cryptocurrencies in the United States
| Main indices | Prix | % change over 1 day |
| Russell 2000 | 2 314,96 | 0,0% |
| S&P 500 | 6 119,65 | 0,0% |
| Dow Jones | 44 541,76 | -0,1 % |
| Nasdaq 100 | 21 861,02 | -0,2% |
Benzinga Pro data:
- The SPDR S&P 500 ETF Trust (NYSE:SPY) fell 0.1% to $608.89.
- The SPDR Dow Jones Industrial Average (NYSE:DIA)) fell 0.1% to $444.96.
- The Invesco QQQ Trust Series (NASDAQ:QQQ)) fell 0.4% to $530.73.
- L’ETF iShares Russell 2000 (NYSE:IWM)) stagnated at $229.40.
- Utilities Select Sector SPDR Fund (NYSE:XLU) outperformed, up 0.9%; THE Technology Select Sector SPDR Fund (NYSE:XLE)) underperformed, down 0.4%.
Stocks that move on Friday
- American Express Company (NYSE:AXP) fell 2.4% after reporting its fourth quarter financial results.
- Other stocks moving following quarterly results include Verizon Communications Inc. (NYSE:VZ), and rose 1.3%, NextEra Energy Inc. (NYSE:NEE), and up 4%, HCA Healthcare Inc. (NYSE:HCA), down 3.2%, First Citizens BancShares Inc. (NASDAQ:FCNCA), up 3.1% Ericsson (NASDAQ:ERIC), down 14.3%, Intuitive Surgical Inc. (NASDAQ:ISRG), down 3.6%, Texas Instruments Inc. (NASDAQ:TXN), down 7.1%, and CSX Corp. (NASDAQ:CSX), down 2.8%.
- Novo Nordisk A/S (NYSE:NVO) climbed 8.1% after new weight loss drug amycretin showed positive results in trials.
Related reading:
- US Stocks Reach Dot-Com Era Valuations Versus Bonds: Why Some Experts Remain Optimistic
Photo : Shutterstock
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