Market Recap: Navigating a Week of Market Surprises and Momentum

Last week unfolded as a series of twists and turns in the stock market, shaped by a dynamic interplay of economic data and investor sentiments. The week kicked off with a broad sell-off on Tuesday, especially in the tech sector, driven by concerns over rising bond yields. The Dow, S&P500, and Nasdaq experienced respective declines of 0.6%, 0.4%, and 0.2%.

Wednesday heightened the challenges with hotter-than-expected retail sales data, fueling fears of interest rate hikes. The session concluded with the Dow slipping 0.3%, while the S&P500 and Nasdaq both lost 0.6%.

A positive turn took place on Thursday as technology shares rebounded, leading to an upside close. The Dow gained 0.5%, the S&P 500 added 0.9%, and the Nasdaq surged 1.4%.

The technology sector’s momentum continued on Friday, culminating in a strong finish to the week. The Dow, S&P500, and Nasdaq rose by 1.1%, 1.2%, and 1.7%, respectively.

Despite the volatility, all three Major Indices secured an overall win for the week.

Now, let’s turn our attention to the upcoming week. Join us in the video below for insights and predictions on what to expect from the stock market in the coming week.

Time Is Money: The Week ahead in Under 5!

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