As the U.S. stock market prepares to close for Good Friday, investors are reflecting on a powerful first-quarter rally that saw significant gains across major indexes. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all posted impressive numbers, reclaiming record territory after facing challenges in recent years.
Despite concerns about inflation and interest rates, the economy has continued to show resilience, with consumers expressing confidence in both economic conditions and the easing of inflation. Investors are now eagerly awaiting the release of February’s PCE gauge, the Fed’s preferred inflation index, which is expected to show a monthly climb but remain steady on a yearly basis at 2.8%.
In addition to economic data, investors will also be tuning in to hear from Fed Chairman Jerome Powell, who is scheduled to speak on Friday morning. With speculation about potential rate cuts later in the year, Powell’s remarks could provide valuable insights into the Fed’s future monetary policy decisions.
While the markets will be closed on Friday for Good Friday, the impact of recent economic developments and upcoming events will continue to shape investor sentiment in the days ahead. Stay tuned for more updates on how U.S. markets will be affected by Good Friday and beyond.
