Last Updated: 4:00PM EST
Stock indices finished today’s trading session mixed. The Dow Jones Industrial Average (DJIA) fell by 0.14%. Meanwhile, the S&P 500 (SPX) and the Nasdaq 100 (NDX) gained 0.57% and 1.01%, respectively. Notably, the S&P 500 closed above 5,000 for the first time.
The energy sector (XLE) was the session’s laggard, as it fell 1.57%. Conversely, the technology sector (XLK) was the session’s leader, with a gain of 1.33%.
Furthermore, the U.S. 10-Year Treasury yield increased to 4.18%. Similarly, the Two-Year Treasury yield gained, as it hovers around 4.49%.
First Published: 3:44AM EST
U.S. futures traded flat on Friday early morning after the S&P 500 Index (SPX) hit a new benchmark of 5,000 in yesterday’s trading session. Futures on the Dow Jones Industrial Average (DJIA) fell 0.09% at 3:25 a.m. EST, February 9, while the S&P 500 and the Nasdaq 100 (NDX) gained 0.01% and 0.19%, respectively.
Interestingly, all three major indices – SPX, NDX, and DJIA – are headed to end the trading week in the green, marking their fifth consecutive weekly gain. The rally seems to be fueled by a strong earnings season, cooling inflation, and signs of economic recovery.
In the meantime, the U.S. 10-year treasury yield was down at the time of writing, floating near 4.16%. Yesterday, the yield hit a two-week high after the U.S. government sold $25 billion in 30-year bonds. At the same time, the WTI crude oil futures trended up, hovering near $76.14 per barrel as of the last check, due to rising geopolitical tensions in the Middle East.
On the economic front, investors await the release of the U.S. Consumer Price Index data due today to gain insight into the future interest rate cut trajectory. Additionally, PepsiCo (PEP) is slated to report its Q4 earnings later today.
In major news, Alphabet’s (GOOGL) Google has announced the rebranding of its artificial intelligence chatbot service. Previously known as Bard, the service will now be named Gemini and offered in multiple tiers.
Elsewhere, European indices opened higher on Friday as investors evaluated several corporate and economic reports.
Asia-Pacific Markets End Mixed on Friday
Asia-Pacific indices ended today’s session on a mixed note. Hong Kong’s Hang Seng index ended the half-day trading session lower by 0.83%.
On the other hand, China’s stock market remained closed for the Lunar New Year holidays. Meanwhile, Japan’s Nikkei index finished up by 0.09%, while the Topix index closed down by 0.19%.
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