Last week saw a notable drop in U.S. stocks, as the Dow Jones Industrial Average (DJIA) fell 3%, its fourth consecutive weekly loss. This was the largest weekly drop in more than five months, and the S&P 500 and Nasdaq Composite indices declined 2.7% and 3.3%, respectively, while the small-cap Russell 2000 index also slumped 2.9%.<\/p>\n
In response to the downturn, traders are predicting that the Federal Reserve will raise interest rates by 30 basis points in March, with a 20% possibility of a 50 basis point increase.[0]<\/a><\/sup> The market is expecting the Fed to hike by 25 basis points in May and 72% believe a similar hike will come in June.[1]<\/a><\/sup><\/p>\n At the close of the trading week, the Dow was up 0.39%, though it had declined 0.13% for the week overall.[2]<\/a><\/sup> The S&P 500 and Nasdaq Composite both dropped 0.28% and 0.58% last week, respectively, with the Nasdaq still up 0.59% for the week.<\/p>\n Overall, the January rally appears to still be in effect, as the S&P 500 is flat for the month-to-date.[3]<\/a><\/sup> The bearish sentiment of the past two weeks may signal a shift in the markets, but only time will tell how the rest of the year will pan out.<\/p>\n 0. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Fed tightening forecasts are inching up By Investing.com” Investing.com, 27 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-fed-tightening-forecasts-are-inching-up-3015573<\/a><\/a><\/p>\n 1. <\/span>“Stocks Edge Higher, Nvidia, Moderna, eBay, Wells Fargo In Focus – Five Things To Know” jacksonprogress-argus, 23 Feb. 2023, https:\/\/www.jacksonprogress-argus.com\/arena\/stocks-edge-higher-nvidia-moderna-ebay-wells-fargo-in-focus—five-things-to\/article_2193282a-3820-5763-9a15-98740fb980f6.html<\/a><\/a><\/p>\n 2. <\/span>“CNBC Daily Open: Growth stocks look hot but investors should be cautious” CNBC, 20 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/20\/stock-markets-growth-stocks-look-hot-but-investors-should-be-cautious.html<\/a><\/a><\/p>\n 3. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Stocks are overvalued – analysts By Investing.com” Investing.com, 21 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-stocks-are-overvalued–analysts-3009072<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Last week saw a notable drop in U.S. stocks, as the Dow Jones Industrial Average (DJIA) fell 3%, its fourth consecutive weekly loss. This was the largest weekly drop in more than five months, and the S&P 500 and Nasdaq Composite indices declined 2.7% and 3.3%, respectively, while the small-cap Russell 2000 index also slumped 2.9%.<\/p>\n In response to the downturn, traders are predicting that the Federal Reserve will raise interest rates by 30 basis points in March, with a 20% possibility of a 50 basis point increase.[0]<\/a><\/sup> The market is expecting the Fed to hike by 25 basis points in May and 72% believe a similar hike will come in June.[1]<\/a><\/sup><\/p>\n At the close of the trading week, the Dow was up 0.39%, though it had declined 0.13% for the week overall.[2]<\/a><\/sup> The S&P 500 and Nasdaq Composite both dropped 0.28% and 0.58% last week, respectively, with the Nasdaq still up 0.59% for the week.<\/p>\n Overall, the January rally appears to still be in effect, as the S&P 500 is flat for the month-to-date.[3]<\/a><\/sup> The bearish sentiment of the past two weeks may signal a shift in the markets, but only time will tell how the rest of the year will pan out.<\/p>\n 0. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Fed tightening forecasts are inching up By Investing.com” Investing.com, 27 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-fed-tightening-forecasts-are-inching-up-3015573<\/a><\/a><\/p>\n 1. <\/span>“Stocks Edge Higher, Nvidia, Moderna, eBay, Wells Fargo In Focus – Five Things To Know” jacksonprogress-argus, 23 Feb. 2023, https:\/\/www.jacksonprogress-argus.com\/arena\/stocks-edge-higher-nvidia-moderna-ebay-wells-fargo-in-focus—five-things-to\/article_2193282a-3820-5763-9a15-98740fb980f6.html<\/a><\/a><\/p>\n 2. <\/span>“CNBC Daily Open: Growth stocks look hot but investors should be cautious” CNBC, 20 Feb. 2023, https:\/\/www.cnbc.com\/2023\/02\/20\/stock-markets-growth-stocks-look-hot-but-investors-should-be-cautious.html<\/a><\/a><\/p>\n 3. <\/span>“Dow Jones, Nasdaq, S&P 500 weekly preview: Stocks are overvalued – analysts By Investing.com” Investing.com, 21 Feb. 2023, https:\/\/www.investing.com\/news\/stock-market-news\/dow-jones-nasdaq-sp-500-weekly-preview-stocks-are-overvalued–analysts-3009072<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1487"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1487"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1487\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1486"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}