The US stock market is closed today (the 29th), and the US Treasury bond market, valued at US$27 trillion, is also closed today after closing early on the 28th to commemorate the Friday before Easter when Jesus died. and an important religious commemoration of holidays in Christendom. good Friday.
Although major stock markets in the United States and Europe are closed today,investPeople have no time to relax yet, as the United States will release the February Personal Consumption Expenditures (PCE) Price Index today at 8:30 EST. The annual rate is expected to be 2.8%. Federal Reserve (Fed) Chairman Jerome Powell also announced at 8:30 a.m. EST today that a speech will be delivered at 11:30 a.m., and speech notes will not be released in advance. Questions and answers will be accepted from the audience.
US stocks and bonds will resume trading next Monday (April 1). The stock market will be closed next Monday, May 27, for Memorial Day. Other stock market closure days this year include Juneteenth on Wednesday, June 19, Independence Day (National Day) on Thursday, July 4, Labor Day on Monday, September 2, Thanksgiving Day on Thursday, November 28, and Christmas Day on Wednesday. Are. , 25 December.
so,US stocksThe season 1 finale aired on the 28th. Since the first quarter, US stocks have continued to rise aggressively, with the S&P 500 index rising 10.2%, the best performance over the same period since 2019. The Nasdaq also rose 9.1% in the quarter, and the Dow Jones Industrial Average rose 5.6%, FactSet data shows.
The three major US stock indexes reached new highs in the first quarter. The tough years caused by the Federal Reserve (Fed)’s aggressive interest rate hikes to combat inflation two years ago are now a thing of the past.
However the Fed raised interest rates on 10-year Treasury bonds to the highest level in nearly 25 yearsYieldThe US economy continues to grow, up 4.2%, and now investors are keeping a close eye on the Fed’s interest rate cut cycle that could begin in June.
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