Risk Managed Strategy Funds

John Hancock: Weekly Market Recap Week Ended February 27

March 3, 2026

Jobs ahead

A monthly labor market report due out on Friday will show whether January’s stronger-than-expected jobs growth extended into February. In January, the gain of 130,000 jobs was more than double the number that most economists had forecast and up from 48,000 in December. Moreover, January’s unemployment rate slipped to 4.3% from 4.4% the previous month.

 

Bond rally

Prices of government bonds rose on Friday, sending yields lower, to cap a month of strong fixed-income performance. The yield of the 10-year Treasury fell to the lowest level in more than four months, finishing around 3.96% on Friday. At the end of January, the yield was 4.26%.

 

Gold rebounds

After pausing in recent weeks, the year-to-date rally in gold prices resumed, and the precious metal climbed closer to the record high of more than $5,500 per ounce set in late January. Late Friday, gold futures were trading around $5,290. Silver prices also climbed during the week.

 

Mag Seven earnings

The seven U.S. mega-cap stocks known as the Magnificent Seven continued to drive a disproportionate share of the broader market’s earnings growth in the just-concluded earnings season. Those seven stocks generated average fourth-quarter earnings growth of 27.2% versus a 9.8% rate for the other 493 companies in the S&P 500, according to FactSet. Mag Seven earnings growth has now exceeded 25% in 10 of the past 11 quarters.

 

Read Full Article: https://www.jhinvestments.com/weekly-market-recap#market-moving-news