The S&P 500 broad index market futures
surged by 0.5% to reach 5282 points this week, indicating a notably rapid pace
of growth. Despite no trading sessions on Friday, investors had the opportunity
to react to the release of important PCE index data for February, which was
released prior to the market closure.
Wall Street had anticipated the Core PCE,
which excludes volatile food and energy prices, to remain steady at 2.8%
year-on-year and decrease slightly to 0.3% on a monthly basis. The actual data
aligned with these forecasts. However, the headline PCE index remained at 0.