Market Snapshot: Central bank developments are only game in town for markets

U.S. stocks will be taking cues from central bankers more than usual in the coming week as investors await pronouncements from the Federal Reserve and clarification on the Bank of Japan’s easing efforts.

Stocks preserved weekly gains on Friday amid a selloff, with the Dow Jones Industrial DJIA, -0.49% ending the week up 0.2%, the S&P 500 index SPX, -0.38% rising 0.5%, and the Nasdaq Composite index COMP, -0.10% surging 2.3%.

Mixed economic data gives both Fed hawks and doves support for their arguments on whether to start raising rates as soon as possible or to keep playing the waiting game.

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