As the corporate earnings season draws to a close, Wall Street is expected to post weekly gains, but US market indices were divided on Friday.
Among the 319 S&P 500 index companies that have released their results thus far, 80.6% have exceeded analyst estimates.
In addition, Fed Chair Jerome Powell stated in a Sunday interview that he does not anticipate a rate decrease in March and only anticipates three rate reductions this year.
Minneapolis Fed Chair Neil Kashkari warned today from cutting rates too quickly, as current tight conditions haven’t yet impacted all aspects of the US economy sufficiently.
Investors expected six Fed rate cuts this year, and such optimistic forecasts sent US stocks sharply higher in recent weeks.
On trading, Dow Jones slipped 0.4% as of 17:06 GMT, or 144 points to 38,581, while S&P 500 rose 0.2%, or 11 points to 5009, as NASDAQ added 0.8%, or 138 points to 15,931.
