Market Recap: Last Week Tech-Led Surge Lifts Market as The Week Commenced

Monday: Wall Street kicked off the week with an upward trajectory, buoyed by gains in the technology sector. The Dow rose by 0.2%, the S&P500 improved by 0.6%, and the tech-heavy Nasdaq surged by 0.8%.

Tuesday: Despite initial uncertainty, the major indices closed higher, overcoming investor concerns about the upcoming Federal Reserve announcement. The Dow, S&P500, and Nasdaq all posted gains of 0.8%, 0.6%, and 0.4%, respectively.

Wednesday: Federal Reserve Chair Powell’s reassurance that any rate adjustments would be contingent on sustained inflation movement towards 2% boosted market confidence. The Dow climbed by 1.0%, the S&P500 by 0.9%, and the Nasdaq surged by 1.3%.

Thursday: Easing fears of interest rate hikes contributed to positive sentiment, driving the major indexes into positive territory. The Dow rose by 0.7%, the S&P500 added 0.3%, and the Nasdaq gained 0.2%.

Friday: Market sentiment turned mixed as investors absorbed some disappointing earnings reports. The Dow dropped by 0.8%, the S&P500 slipped by 0.1%, while the Nasdaq managed a 0.2% rise.

Week in Review: Despite fluctuations throughout the week, all three major indices secured week-over-week gains, marking a positive note to conclude the trading week. And That’s The Market In Review.

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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