Earlier in February, both S&P 500 and Nasdaq soared to about five-month highs as Meta led a rally in the tech sector. However, the good times did not last long. Elevated valuations for overall US stocks, poor financial reports during earnings season, and rising interest rates left little room for future gains. Major indexes fell following the release of hotter-than-expected data on the labor market and consumer spending in mid-Feb.
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Welcome back to Monthly Buzz. Earlier in February, both S&P 500 and Nasdaq soared to about five-month highs as Meta led a rally in the tech sector. However, the good times did not last long. Elevated valuations for overall US stocks, poor financial reports during earnings season, and rising interest rates left little room for future gains. Major indexes fell following the release of hotter-than-expected data on the labor market and...

There were positive price gains in global equities last week as markets hoped that already priced in interest rates hikes would be enough to quell inflation.

The S&P500 in the US was 1.9% higher, the Dow Jones rose 1.75% and the Nasdaq rose 2.58% while shares in Europe rose around 2.4%, China shares rose 1.7% and Japanese shares also rose 1.73%. Hong Kong lifted 2.79%.

Australia failed to take the positive lead and fell modestly w...

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