Pre-Market Report – Monday 17 February: US markets mixed | WBC Q1 results

Wall St closed mixed overnight. Financials, Tech and Energy stocks doing well while the rest of the market fell. Dow Jones down 165 points, up 243 for the week. S&P 500 flat, up 1.47% for the week. Nasdaq outperformed thanks to Nvidia (+2.6%). Up 0.41% and finishing the week 2.59% higher. Meta (+1.1%) set it’s 20th straight gain. +26% YTD. We’re glad it’s in FANG. No major news stories resulted in a narrow trading range. Trump’s reciprocal tariff plans still being analysed. He did announce auto tariffs will come on April 2 (no details yet). Focus is on a) delays to their implementation and b) how well other countries can negotiate. Optimism on that front and expectations the next PCE inflation reading will be lower, outweighed a slump in Retail Sales. A January reading of -0.9% (-0.1% expected) was the biggest drop in nearly two years as consumers reigned in spending. Factory output slightly missed expectations.

SPI down 52 - WBC Results _ US markets Closed tonight for President's Day

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