Risk Managed Strategy Funds

AS SEEN IN

John Hancock: Weekly Market Recap Week Ended February 7

February 11, 2025

Rising earnings

More than halfway through earnings season, fourth-quarter results continued to exceed analysts’ expectations. As of Friday, earnings were expected to rise 16.4% compared with the year-ago quarter, based on S&P 500 companies that have already reported plus projections for those that hadn’t yet released results. Prior to earnings season, analysts had forecast an 11.8% growth rate, according to FactSet.

Mixed jobs report

January’s gain of 143,000 jobs came in short of analysts’ expectations and marked a slowdown from the previous month’s figure. However, there were plenty of positives in the report; initial jobs growth estimates for November and December were revised upward by a combined 100,000 and the unemployment rate slipped from 4.1% to 4.0%.

Another gold record

The price of gold set a record high for the second week in a row, extending a nearly three-month price surge for the precious metal. On Friday, gold briefly traded above the $2,900-per-ounce level for the first time before retreating slightly to around $2,890 in afternoon trading. Twelve months ago, gold was trading just above $2,000.

Yield decline

The yield of the 10-year U.S. Treasury note fell for the third week out of the past four as investors reassessed the outlook on inflation and U.S. Federal Reserve policy. Friday’s closing yield was around 4.49%, down from a recent high of 4.80% on January 13.

 

Source: https://www.jhinvestments.com/weekly-market-recap#market-moving-news