Last week kicked off with optimism on Wall Street, driven by dovish remarks from the Fed, resulting in gains across the board. The Dow climbed 0.5%, the S&P500 rose 1.0%, and the Nasdaq surged 1.2%.

However, sentiments shifted on Tuesday as Minneapolis Fed chief Neel Kashkari hinted at steady rates, leading to a mixed session. The Dow and the S&P500 edged up by 0.1%, while the Nasdaq dipped slightly by 0.1%.

Mid-week, rising bond yields introduced volatility, resulting in a mixed performance once again. The Dow increased by 0.4%, the S&P500 hovered around even, and the Nasdaq slipped by 0.2%.

Thursday brought renewed optimism with better-than-expected jobs data, sparking hopes for interest rate cuts. The Dow gained 0.9%, the S&P500 climbed 0.5%, and the Nasdaq advanced by 0.3%.

Despite encouraging corporate earnings on Friday, mixed sentiments prevailed as a preliminary Consumer Sentiment report fell short of expectations. The Dow added 0.3%, the S&P500 rose 0.2%, and the Nasdaq experienced a minor decline of 0.03%.

Wrapping up the week, all three Major Indexes notched their second consecutive weekly wins, showcasing the market’s resilience in navigating through ups and downs. That’s the Market In Review for the week of May 6th.

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!

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