Monday: Markets started on a high note with technology shares leading the charge following President Biden’s announcement of not seeking reelection. The Dow increased by 0.3%, the S&P 500 rose by 1.1%, and the Nasdaq saw a significant jump of 1.6%.

Tuesday: Investors took a cautious stance, resulting in a slight retreat across the board ahead of major tech earnings. The Dow and Nasdaq both dropped by 0.1%, while the S&P 500 declined by 0.2%.

Wednesday: Disappointing earnings reports from tech giants Alphabet and Tesla sparked a market selloff. The Dow fell by 1.3%, the S&P 500 by 2.3%, and the Nasdaq took a steep dive of 3.6%, marking its worst session since October 2022.

Thursday: The market had a mixed response to unexpectedly high GDP data. The Dow managed a modest increase of 0.2%, but tech shares continued to suffer, pulling the S&P 500 down by 0.5% and the Nasdaq by 0.9%.

Friday: Positive data from the Personal Consumption Expenditures report spurred a market rally. The Dow surged by 1.6%, the S&P 500 by 1.1%, and the Nasdaq increased by 1.0%.

Conclusion: The Dow ended the week in positive territory, but the S&P 500 and Nasdaq both recorded overall losses, reflecting a tumultuous week influenced by political news and volatile tech earnings.

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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