Daily Summary: PG surges 4%

Wall Street ends this week in mixed sentiment amid corporate earnings, and as traders are analyzing economic data for clues on inflation, economic growth, and the Federal Reserve's policy path.

The S&P 500 remained relatively unchanged and is trading near 0% change in the end of today's session

PMI in the US came better than expected. PMI manufacturing at 50.4 vs expected: 49 and PMI services: 53.7 vs expected: 51.5. This means the US economy remains strong. Which gives some space for the FED to continue to tighten monetary policy. As in the EU, the PMI services came much better than manufacturing.

Dollar fluctuated after PMI data publication in the EU and in US.

Two-year Treasury yields rose to around 4.2%, which is more sensitive to imminent Fed decisions.

Philadelphia and Cleveland Fed officials expressed their views on interest rates, with the latter favoring rates above 5% due to high inflation.

Tesla increased prices of its Model S and X vehicles in the US

Procter & Gamble raised its sales projection for the fiscal year ending in June, citing higher prices and a slight increase in demand for some products. PG.US shares are gaining 4%.

The market is likely to remain in a tight trading range, according to Carol Schleif, chief investment officer at BMO Family Office.

Bitcoin has lost for the third day in a row. The stronger dollar has driven down risky assets, including Bitcoin. Coinbase CEO Brian Armstrong has indicated that the company may leave the US, which has raised concerns about the shrinking global crypto market.