AlexandrKudin @AlexandrKudin: "THE U.S.MARKET 🇺🇸 Yesterday, the indices..."

Czech Republic

THE U.S.MARKET 🇺🇸 Yesterday, the indices ended the day with solid gains: the S&P 500 rose 1.12%, the Dow Jones gained 1.14%, and the Nasdaq advanced 1.46%. Investors assessed mixed macroeconomic data and headlines regarding tariffs. - The U.S. is granting automakers a one-month exemption from recently imposed tariffs on Mexico and Canada following appeals from industry leaders. The exemption applies to auto parts that comply with the USMCA trade agreement and is intended to give companies time to develop plans for increasing investment and production in the United States. U.S. Commerce Secretary Howard Latnick reiterated his expectation of a positive outcome in the ongoing negotiations between the countries. - According to ISM data, the services sector business activity index increased by 0.7 points in February to 53.5, exceeding economists' expectations of 52.5. The report’s structure was mixed but generally strong: while the business activity component declined slightly, new orders and employment figures improved. This data follows a weak ISM manufacturing survey and helps ease concerns about economic growth, as the U.S. economy is more dependent on services than on manufacturing. - ADP economists estimate that private sector employment grew by just 77,000 jobs in February, well below forecasts of 141,000. However, analysts do not place significant weight on ADP’s figures, as their correlation with BLS data has been inconsistent in recent years. - 9 of the 11 S&P 500 sectors closed in positive territory. The materials sector led gains on expectations of new tariffs on raw materials. It was followed by the cyclical industrial and consumer discretionary sectors, which benefited from strong growth in automakers. Investors also bought the dip in the technology sector, particularly in chipmakers. - The energy sector was the weakest performer, as oil prices continued to decline amid oversupply concerns. Meanwhile, profit-taking in the utilities sector continued, with additional pressure from rising Treasury yields. - In after-hours trading, chipmakers saw a sell-off following Marvell’s ( MRVL) earnings release. While results and guidance exceeded analysts' consensus expectations, investors had anticipated stronger figures. Broadcom ( AVGO) is also set to report its earnings today. 📈 KEY ECONOMIC DATA RELEASES TODAY : 🇪🇺 Eurozone: Deposit rate decision (March) 🇪🇺 Eurozone: Interest rate decision (March) 🇺🇸 U.S.: Initial jobless claims 🇪🇺 Eurozone: ECB press conference 📈 SCHEDULED SPEECHES : 🎤 U.S. Treasury Secretary Scott Bessent 🎤 Federal Reserve officials Christopher Waller and Raphael Bostic HAVE A SUCCESSFUL DAY $SPX500 $NSDQ100 $DJ30 $UK100 $GER40

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