US Markets Round-Up
This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started on a flat note and post that traded on a bullish note. The index made a high of 2314.54 during the week and settled at 2307.78 with a week-to-date (WTD) gain of ~2.60 percent on January 12, 2023. Other major indices such as S&P 500 and NASDAQ Composite witnessed positive movement for the week. On January 12, 2023, the S&P 500 index settled at 3983.17 with a WTD gain of ~2.26 percent, while the NASDAQ Composite Index settled at 11001.11 with a WTD gain of ~4.09 percent.
Market sentiments turned positive after the release of the US CPI data, which declined 0.1 percent in December 2022. A decrease in the US Unemployment Insurance Weekly Claims numbers to 205,000 from 206,000 in the prior week further supported the indices.
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