THE WEEK ON WALL STREET
Stocks ended a choppy four-session run in the green, with tech-led momentum earlier in the week prevailing over news of a slowing economy, sticky inflation, and geopolitical tensions. The S&P 500 Index advanced 1.07 percent, while the Nasdaq Composite Index rallied 1.51 percent. The Dow Jones Industrial Average inched up 0.25 percent. The MSCI EAFE Index, which tracks developed overseas stock markets, rose 0.75 percent.
FACT OF THE WEEK
On Feb 24, 1961, the first 15 students received their Bachelor of Hamburgerology degree from McDonald's Hamburger U, the "Harvard of Fast Food."
MARKET MINUTE
Focus on Tech
Stocks kicked off the shortened trading week with a yawn as continuing investor angst over AI disruption in the software industry kept gains modest.
But tech-led market momentum picked up—including gains from lesser-known names—as investors digested minutes from the Fed's January meeting.
Stocks then came under pressure as investors fretted over geopolitical tensions in the Middle East and concerns about private credit in the financial sector.
Markets rallied on Friday after the Supreme Court struck down the White House tariffs. The news overshadowed a sticky inflation report and a disappointing update on Q4 gross domestic product (GDP), which was hurt by federal spending during the government shutdown.
Friday Focus
All week, the markets were eyeing the Friday economic updates and were a bit surprised at the timing of the tariff news.
GDP rose 1.4 percent in Q4, lower than the 2.5 percent expected and slower than the 4.4 percent pace in Q3. The slowdown reflected declines in federal and consumer spending.
While the Supreme Court's ruling on tariffs had been expected, the news still took investors by surprise when it arrived on Friday. The decision was widely expected, but the timing of the news was uncertain. Investors appeared to welcome the news, as companies may have greater pricing flexibility without tariffs.
FINANCIAL STRATEGY OF THE WEEK
Did you know that February also marks “Declutter for a Cause” month? This is an annual observance when people clear out their homes to donate usable, unwanted items to charities. The purpose of this is twofold: you can help others in need and simplify your own life by making room for new things. Here are some ways you can get involved:
Donate old books. Instead of letting old books end up in a landfill, consider donating them to give them a second life. It’s a simple way to recycle and make a positive impact on others.
Gift clothes. Many people in need lack proper clothing, especially in the winter months. Consider donating clothing items to help provide warmth and comfort.
During this period of productivity, it is a great opportunity to explore how you can fast-track your goals this year. When you have a secure financial plan in motion, you will feel more confident in your future. Please hesitate to reach out with any questions or concerns. We'd love to hear from you and appreciate your continued trust!