US Markets Round-Up
This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started on a positive note and continued the momentum. The index made a high of 2354.74 during the week and settled at 2354.17 with a week-to-date (WTD) gain of ~2.21 percent on January 26, 2023. Other major indices, such as S&P 500 and NASDAQ Composite witnessed positive movement for the week. On January 26, 2023, the S&P 500 index settled at 4060.42 with a WTD gain of ~2.21 percent, while the NASDAQ Composite Index settled at 11512.41 with a WTD gain of ~3.34 percent.
Market sentiments remained bullish due to the release of positive economic data during the week, such as Flash Services PMI, Flash Manufacturing PMI, Advance GDP, Durable Goods Orders, Unemployment Insurance Weekly Claims, etc., supporting the indices.
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