European markets tread water on U.S. holiday amid AI frenzy cooldown
European stock indices inched higher while U.S. markets were closed for Presidents Day. The AI-fueled trading frenzy cooled, and investors digested mild U.S. inflation data.
Why it matters
This reflects how global markets react to moves in the U.S. and shows that your overseas 401(k) slices aren't entirely divorced from U.S. economic sentiment.
The big picture
It's a reminder that even when U.S. markets sleep, global moves matter.