Last Week’s Market Rollercoaster: A Week of Caution, Mixed Results, and Interest Rate Concerns

Monday:
Wall Street started cautiously, awaiting key inflation data later in the week. The Dow dropped marginally by 0.03%, the S&P500 dipped slightly by 0.04%, and the Nasdaq saw a modest increase of 0.03%.

Tuesday:
The market remained choppy, with mixed results. The Dow decreased by 0.02%, the S&P500 rose by 0.1%, and the Nasdaq gained 0.3%.

Wednesday:
The release of hotter-than-expected Consumer Price Index data raised concerns about interest rates, leading to a decline across the board. The Dow fell by 1.1%, the S&P500 by 1.0%, and the Nasdaq by 1.1%.

Thursday:
Stocks closed with mixed results as investors analyzed the latest Producer Price Index data. The Dow saw a marginal decrease of 0.01%, while the S&P500 increased by 0.7%, and the Nasdaq surged by 1.7%.

Friday:
Interest rate concerns intensified, compounded by mixed big bank earnings, causing a sharp decline. The Dow, S&P500, and Nasdaq all fell significantly by 1.2%, 1.5%, and 1.6% respectively.

Conclusion:
It marked the second consecutive week of losses for the major indices.

Stay tuned for our video forecast on the week ahead, where we’ll provide insights and predictions to help navigate the ever-changing landscape of the stock market.

Time Is Money: The Week ahead in Under 5!

Want These Types of Insights at Your Fingertips so You Can Win More Trades?

Use VectorVest to analyze any stock free. VectorVest is the only stock analysis tool and portfolio management system that analyzes, ranks and graphs over 18,000 stocks each day for value, safety, and timing and gives a clear buy, sell or hold rating on every stock, every day.

Before you invest, check VectorVest! Click here to ANALYZE ANY STOCK FREE and see our system in action!