Stocks on Wall Street looked down, and investors reviewed a fresh batch of mixed earnings.

Defying loud and widespread predictions of a recession, the U.S. economy accelerated in 2023, supported by stable consumer spending and robust labor market conditions.

U.S. economy expanded at a faster-than-expected pace in the fourth quarter, despite the Federal Reserve's aggressive interest rate hike campaign. The European Central Bank held its key lending rates steady for the third time in a row.

IBM ALK
Tech stocks powered the rally across the Atlantic for the third consecutive day this week. Crude oil rebounded. The People's Bank of China took steps to inject more liquidity into the financial system.

Tech stocks continued to advance and extend recent gains after Netflix reported positive quarterly results. Treasury yields edged slightly lower ahead of the release of personal income and spending reports later in the week.

EBAY
Earnings dominated trading activities, and the benchmark indexes hovered near record highs. GE, Verizon, P&G, Raytheon, Halliburton, and United Airlines reported strong quarterly results, but DR Horton, Ericsson, and Logitech fell short of expectations.

U.S. market indexes hovered near record highs as investors digested a fresh batch of earnings. Treasury yields edged higher, and crude oil traded volatile amid heightened tensions in the Red Sea.



The tech rally extended gains as investors looked beyond interest rate uncertainties as the AI enthusiasm from the last week continued. China leaves lending rates unchanged. The Bank of Japan is expected to hold rates steady at the end of its policy meeting Tuesday.

Major averages on Wall Street attempted to extend the previous week's gains, and tech stocks remained in focus. The 10-year Treasury yield edged slightly higher, and investors debated the number and timing of rate cuts this year after policymakers reiterated the need for higher rates for longer.

Diverging views on the rate path lift stocks and Treasury yields higher as investors keep hopes of rate cuts alive. The yields on 2-year and 30-year Treasury bonds trade at the same level.

U.S. investors shifted their focus to positives in the economy and returned to adding high-growth stocks. The rally on Wall Street supported gains in the final hour of trading in Europe. Asian markets struggled to shake off the weakening economic backdrop in China.

Benchmark indexes attempted a rebound after selling off for two days in a row. U.S. Treasury yields edged higher as policymakers continue to push back against rate cut expectations.

Stock markets around the world turned lower after policymakers conducted aggressive campaign against the prospect of a near-term rate-cut citing high inflation. China market indexes plunged after the release of the latest economic data.

Investors remained cautious after the near-term rate-cut hopes faded following the pushback from policymakers. Rising tensions in the Middle East and weaker-than-expected economic growth in China also kept investors on the sidelines.



Global markets turned down, and investors lowered rate expectations. Rising tensions in the Middle East and supply chain disruptions also weighed on market sentiment.