Market Recap: A Rollercoaster Week Unveiled

Last week saw the stock market navigating through twists and turns, driven by a mix of economic data and investor sentiments. From a tech-driven sell-off to concerns about rising bond yields, each day brought new challenges.

Tuesday witnessed a broad sell-off, particularly in the tech sector, with rising bond yields spooking investors. The Dow, S&P500, and Nasdaq experienced declines of 0.6%, 0.4%, and 0.2%, respectively.

Wednesday added fuel to the fire as hotter-than-expected retail sales data ignited fears of interest rate hikes. The session ended with the Dow slipping 0.3%, while the S&P500 and Nasdaq both lost 0.6%.

However, Thursday marked a turnaround 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 continued its rally on Friday, concluding the week on a high note. The Dow, S&P500, and Nasdaq rose by 1.1%, 1.2%, and 1.7%, respectively.

Overall, despite a volatile week, all three Major Indices managed an overall win.

Now, let’s shift our focus to the week ahead. 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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