Our PureVest Weekly Roundup looked at the latest jobs number, which exceeded expectations in January. Jerome Powell left rates unchanged on Wednesday and signaled that a rate cut in March was not likely; he also reiterated that the Fed is done hiking rates but will be patient on cutting. Meta is the day’s big winner as they announced a first-ever dividend and $50 stock buyback. Their earnings tripled in the quarter. Amazon and Merck also reacted positively to their earnings reports; Apple fell following their report. The January barometer has been accurate 83% of the time since 1950 and signaled a positive year for the S&P 500. Enjoy the light reading, and have a great weekend.

** Be on the lookout for your 2023 1099s, which should be available very soon. All taxable accounts will have a 1099 for 2023. Retirement accounts will have a 1099-R if you took a distribution in 2023.

Markets & Economy:

U.S. economy added 353,000 jobs in January, much better than expected
source:www.cnbc.com
Meta is paying first-ever dividend, authorizes $50 billion buyback
source:www.cnbc.com
Fed leaves interest rates unchanged, delaying anticipated rate cuts
source:www.abc.com
Apple’s Vision Pro headset hits US stores today. Here’s what you need to know
source:www.cnn.com
Amazon Stock Jumps As Earnings Cruise Past Expectations
source:www.investors.com
Merck Stock Hits Record High on Sales of Cancer Drugs, Vaccines
source:www.investopedia.com

This Stock Market Indicator Gives Its Verdict. It May Come As A Surprise

source:www.investors.com

Education:

Buyback: What It Means and Why Companies Do It

source:www.investopedia.com