US Stock Market Closed Today

Overview for the previous week

A benchmark of global stocks hit a record on Friday while U.S. Treasury yields dipped as some soft U.S. data and the latest tariff announcements raised hopes that the Federal Reserve may have some cushion to be more aggressive in cutting interest rates.

The Commerce Department said retail sales dropped 0.9% last month, the biggest decrease since March 2023, after an upwardly revised 0.7% increase in December, and well short of the 0.1% decline estimate of economists polled by Reuters, suggesting rising prices and tariff uncertainty may be leading consumers to tighten spending.

On Thursday, U.S. President Donald Trump directed his economic team to devise plans for reciprocal tariffs on every country that taxes American imports, raising the risk of a global trade war, but stopped short of imposing another round of duties.

On Friday, Trump warned again that BRICS nations could face tariffs from the United States if they set up their own currency. Investors were watching for updates from the Munich Security Conference, where U.S. Vice President JD Vance accused European leaders on Friday of censoring free speech and failing to control immigration, drawing a sharp rebuke from Germany's defense minister and overshadowing discussions on the war in Ukraine. A meeting between Vance and Ukrainian President Volodymyr Zelenskiy ended without news of a deal for critical minerals that is central to Ukraine's push to win Trump's support.

The Dow Jones Industrial Average DJI fell 165.35 points, or 0.37%, to 44,546.08, the S&P 500 SPX fell 0.44 points, or 0.01%, to 6,114.63 and the Nasdaq Composite IXIC rose 81.13 points, or 0.41%, to 20,026.77. For the week, the S&P 500 gained 1.47%, the Nasdaq rose 2.58%, and the Dow climbed 0.55%. The Nasdaq marked its biggest weekly percentage gain since early December.

The pan-European STOXX 600 SXXP index closed down 0.24% but was able to secure its eighth consecutive week of gains, its longest streak in a year. European stocks have outperformed their U.S. counterparts since the start of the year, although questions remain whether that can last.

The dollar index DXY, which measures the greenback against a basket of currencies, fell 0.3% to 106.77 after falling to a two-month low of 106.56, with the euro EURUSD up 0.28% at $1.0493. Against the Japanese yen USDJPY, the dollar weakened 0.35% to 152.26 while Sterling GBPUSD strengthened 0.14% to $1.2583 against the greenback.

The yield on benchmark U.S. 10-year notes US10Y fell 4.7 basis points to 4.478% but was still on track for a weekly gain after falling in two consecutive weeks.

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Performance Snapshot:

Portfolio Start Date	1/1/2025	Total Profit or loss	317.19
Starting Capital	10,000	Avg Profit Per trade	19.82
Total Number of Trades	16	ROI	3.17%
Average Days in a trade	3.0	Annualised ROI	25.73%