Daily Morning Note | February 3, 2022
US equities capped a four-day winning streak by closing higher on Wednesday despite weak employment figures, amid receding fears the Federal Reserve will pull out the big guns to fight inflation. Positive earnings reports, including from Google-parent Alphabet, boosted the tech sector. The benchmark Dow Jones Industrial Average gained 0.6 per cent to finish at 35,629.33. The broad-based S&P 500 popped up 0.9 per cent to 4,589.38, while the tech-rich Nasdaq Composite Index advanced 0.5 per cent to close at 14,417.55. Stocks had been battered for weeks after the Fed signalled its plans to raise…
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