Wall Street Rebounds After Volatile Week as Global Markets Face Uncertainty
U.S. stocks closed higher on Friday following inflation data and economic concerns, while global markets grapple with trade tensions and slowing growth.
- The S&P 500 rose 1.6% on Friday, trimming February losses, while the Dow Jones gained 601 points and the Nasdaq climbed 1.6%.
- Inflation decelerated slightly in the U.S., providing the Federal Reserve potential flexibility for future interest rate cuts later this year.
- U.S. consumer spending in January showed signs of slowing, raising concerns about economic resilience despite easing inflation pressures.
- Global markets, particularly in Asia, experienced sharp declines following President Trump's decision to double tariffs on Chinese goods, sparking trade tensions.
- Key earnings reports from major companies like Broadcom and Costco are expected this week, with analysts watching for signs of economic strain in tech and retail sectors.
The Street 
The Sydney Morning Herald 
