Every time Powell comes out, the stock market is now adjusted

Every time Powell comes out, the stock market is now adjusted. / US stock market review the previous day / Domestic stock market trends

On the 2nd, the U.S. stock market declined expectations for a rate cut in March amid strong employment news in January, but earnings that exceeded expectations from big tech companies such as Meta Amazon acted as a big boon, lifting major indexes, closing up 38,654.42, 0.35%, S&P 500, 4,958.61 +1.07% and Nasdaq 15,628.95 +1.74% higher.

Meta's stock price surged 20.32% on the day as it announced its quarterly dividend with a strong fourth-quarter earnings after the market closed the previous day, and Amazon also rose 7.87% amid strong fourth-quarter earnings news.
However, Apple closed down 0.54% as it announced its sluggishness in the Chinese market in its earnings announcement.

According to the U.S. Department of Labor's report, employment in the non-agricultural sector increased by 353,000 in January, nearly doubling the 185,000 expert estimate, raising the possibility of a rate freeze in March to 82.5% based on CME FedWatch.

Treasury yields soared as expectations for the Fed's rate cut were dampened. The U.S. two-year Treasury yield, which is sensitive to monetary policy, rose +0.178% from the previous day to 4.372%, while the benchmark 10-year Treasury yield also rose +0.166% to 4.026%, entering the 4% range.

On February 5-9, the U.S. stock market is expected to see the S&P 500 surpass the 5,000-point mark, while speeches by key Fed figures such as Fed Chairman Jerome Powell and healthcare consumer companies are expected to be key points to watch. Political and diplomatic factors such as the situation in the Middle East after the U.S. attack on Iraq and Syria are also expected to be major variables for the time being.

[Weekly stock market schedule]

On the 4th (Sunday), Fed Chairman Jerome Powell interviewed CBS

Earnings Before The Open On The 5th (Monday): McDonald's, Caterpillar January ISM Service Purchasing Managers' Index (PMI) US Bank Senior Loan Officer Opinion Survey (SLOOS) Raphael Bostic, president of the Federal Reserve Bank of Atlanta (Federal Research) speaks

Earnings Before The Open On The 6th (Tuesday): Eli Lili Loretta Mester Cleveland Federal Reserve Bank Earnings After Closing Address: Amgen

Federal Reserve Board of Directors Adriana Coogler Speaks On 7th (Wednesday) Thomas Barkin Richmond Federal Reserve Board of Governors Speaks Michelle Bowman Speaks After the closing of the Fed Board of Governors Speaks: Walt Disney

On the 8th (Thursday), Richmond Federal Reserve Governor Thomas Barkin interviewed Bloomberg

At this time, the KOSPI index was 2,581.69 -1.29% and the KOSDAQ index was 809.10 -0.57% lower than the previous trading day, while individuals were buying and selling while foreign and institutional financial investments were selling.