On Friday, March 7th, U.S. markets closed higher after rebounding from early losses, following remarks by Federal Reserve Chair Jerome Powell that the economy remains “in a good place.” However, he cautioned against expecting rapid interest rate cuts, emphasizing a cautious approach.
Despite the late-week rally, persistent uncertainty over U.S. trade policy—especially concerning tariffs on imports from Canada, Mexico, and China—contributed to the S&P 500’s recording its worst weekly performance since September.
In economic data, February’s jobs report showed the U.S. added 151,000 jobs—up from January but below the 160,000 forecast. The unemployment rate unexpectedly rose to 4.1%, slightly above the 4.0% estimate.
Most S&P 500 sectors rose Friday, led by utilities, tech, and energy, while consumer staples and financials …
