A look back
- The S&P 500 rallied on Friday but posted a marginal weekly loss after a mid-week sell off. Consumer Staples was the top performing sector, and the Dow Jones Industrial Average (DJIA) eclipsed 50,000 for the first time on Friday.
- Yields dropped following softer-than-expected labor market data and dovish commentary from Federal Reserve officials. The 10-year yield ended at 4.20% and the 2-year yield closed at 3.49%.
- Large cap value stocks widened their year-to-date (YTD) lead over their growth counterparts. The S&P 500 Value index rallied 2.2% on the week, well ahead of the S&P 500 Growth’s -2.1% decline. The value index now leads growth by over 6% in 2026.
A look ahead
- Earnings season remains in the spotlight with 79 stocks in the S&P 500 set to report quarterly results. Software companies will be in focus following the recent sell-off as investors look for signs of acceleration from the beleaguered sector.
- The January jobs report will highlight a busy week of economic data. The unemployment rate is expected to hold steady at 4.4% with job growth ticking up from December. Meanwhile, investors will keep a close eye on retail sales and inflation releases.
- Economic releases: Retail Sales, Business Inventories, Unemployment Rate, Nonfarm Payrolls, Federal Budget, Existing Home Sales, CPI.
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