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Daily Market Commentary

February 6, 2025

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February 6, 2025

Bonds & Stocks
Stocks rose ahead of Amazon's earnings and Friday's jobs data, with the S&P 500 advancing 0.3% and the Nasdaq 100 adding 0.3%. Investors are cautious about Amazon's results due to disappointing figures from Alphabet and Microsoft, and are also watching the company's artificial intelligence spending plans.

Economy
The upcoming jobs report is expected to show payrolls increased by 170,000 last month, with economists expecting a downward revision of around 600,000 to 700,000 jobs for the 12 months through last March.

World
Bank of England officials decided to cut interest rates to a 19-month low, with two supporting a bumper 50-basis-point cut, prompting markets to boost bets on further easing.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.