Overview

• 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.