Optimism over a US/China trade deal and an agreement to fund the government propelled stocks over the week. The S&P 500 gained 2.5% and the Dow rose 3.1% for the week. Internationally, Japan was up 2.8% and Europe climbed 3.0% for the week. The yield on the 10-year Treasury edged up slightly to finish at 2.66%.
The CPI was flat in January compared to December, but core prices rose 0.2%.
An agreement was reached to fund the government through September and avoid another shutdown.
US retail sales sank 1.2% in December from November, falling well short of expectations and surprised many after relatively positive economic and corporate reporting.
The Fed is nearing a plan that would end the wind down of its $4 trillion Treasury portfolio potentially this year.
Amazon abandoned its plan to have a second headquarters in New York City.