Key events: USA - Core PCE Price Index (MoM) (Jan) USA - Core PCE Price Index (YoY) (Jan) USA - Chicago PMI (Feb) The S&P 500 ended sharply lower on Thursday as renewed tariff concerns and a decline in Nvidia (NASDAQ: NVDA) weighed on market sentiment. Despite reporting strong quarterly results and upbeat revenue guidance, Nvidia's warning about declining profit margins led to a sharp sell-off, dragging the broader tech sector down.

Key events: USA - Durable Goods Orders (MoM) (Jan) USA - GDP (QoQ) (Q4) USA - Initial Jobless Claims The S&P 500 managed to scrape out a gain on Wednesday but finished well below session highs as renewed tariff worries dampened investor sentiment ahead of Nvidia’s (NASDAQ: NVDA) highly anticipated earnings release. By the closing bell at 4:00 p.m. ET, the benchmark index was down 0.2%, while the Nasdaq Composite rose 0.3%. The Dow Jones Industrial Average, however, lost 186 points, or 0.4%.

Key events: USA - Crude Oil Inventories USA - New Home Sales (Jan) The S&P 500 extended its losses for a second consecutive session on Tuesday as investor sentiment weakened following a sharp decline in consumer confidence. The Conference Board’s latest report showed consumer confidence dropped by seven points in February to 98.3, marking its steepest fall since August 2021. This fueled concerns about the economy just ahead of Nvidia’s (NASDAQ: NVDA) crucial earnings release later this week.

Key events: Eurozone - ECB's Schnabel Speaks UK - BoE MPC Member Pill Speaks USA - CB Consumer Confidence (Feb) The S&P 500 slid on Monday, weighed down by a sell-off in tech stocks, with Nvidia leading the decline ahead of its earnings report later this week. The Nasdaq Composite dropped 1.2%, while the S&P 500 fell 0.5%. Meanwhile, the Dow Jones Industrial Average managed to inch up by 33 points, or 0.1%, as defensive sectors offered some support.

Key events: UK - BoE MPC Member Mann Speaks USA - Fed Chair Powell Testifies USA - FOMC Member Bowman Speaks USA - FOMC Member Williams Speaks The S&P 500 closed higher on Monday as a rally in tech stocks, led by Nvidia, outweighed investor concerns over US tariff policy ahead of a pivotal week filled with economic data releases and Federal Reserve Chair Jerome Powell’s testimony.

Key events: UK - BoE Interest Rate Decision (Feb) USA - Initial Jobless Claims The stock market closed higher on Wednesday, propelled by falling Treasury yields and a strong performance from Nvidia, which helped offset a sharp drop in Alphabet's shares. The Dow Jones Industrial Average climbed 317 points, gaining 0.7%, while the S&P 500 rose 0.4% and the Nasdaq Composite added 0.2%.

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Key events: USA - Martin Luther King, Jr. Day Eurozone - Eurogroup Meetings US stocks soared on Friday, marking the end of a robust week fueled by optimism surrounding the economy's strength and the future trajectory of interest rates. Investors appeared confident amid expectations of forthcoming policy adjustments under the Trump administration.

Key events: USA - FOMC Member Williams Speaks USA - PPI (MoM) (Dec) The S&P 500 managed to close higher on Monday, recovering from earlier losses as a surge in cyclical stocks, notably in the energy sector, provided a cushion against the downturn in growth stocks like technology. The market's focus shifted as investors grappled with the implications of a potential Federal Reserve pause ahead of critical inflation data set to be released soon.

Key events: USA - Average Hourly Earnings (MoM) (Dec) USA - Nonfarm Payrolls (Dec) USA - Unemployment Rate (Dec) Wednesday’s stock market saw a narrowly mixed outcome following the downturn on Tuesday. The Nasdaq maintained crucial support levels, while Nvidia (NVDA) managed to stay above key thresholds after its sharp decline earlier in the week. On Wednesday evening, Nvidia's shares dipped slightly due to reports that the Biden administration plans to intensify restrictions on chip exports once more.