Economic Update: Week of February 5, 2024
February 5, 2024
Chris Chmura, Ph.D. CEO, Chief Economist at Chmura
"Last week, the stock market continued its weekslong rally while the Federal Reserve held interest rates steady. Both the S&P 500 and the Dow Jones Industrial Average hit new highs on Friday, finishing the week at 4,959 and 15,629, respectively. The NASDAQ climbed 1.1% for the week. Several reports surprised analysts who had predicted a softening of the labor market."
- Chris Chmura, Ph.D.
CEO, Chief Economist at Chmura
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Chmura provides labor market data and analysis.
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