Monday: Anticipation Lifts Markets
Stock prices began the week on a positive note, buoyed by anticipation of key earnings releases and the Federal Reserve’s upcoming interest rate decision. The Dow, S&P500, and Nasdaq all posted gains of 0.4%, 0.3%, and 0.4%, respectively.
Tuesday: Confidence Data Dampens Sentiment
Cooler-than-expected Consumer Confidence data, coupled with rising treasury yields, sent Wall Street sharply lower. The Dow fell 1.5%, the S&P500 tumbled 1.6%, and the Nasdaq plummeted 2.0%. April closed with significant losses across all Major Indexes.
Wednesday: Fed’s Rate Decision Leaves Markets Mixed
The Federal Reserve opted to leave interest rates unchanged, sparking concerns about future rate cuts. The Major Indices ended the choppy session mixed, with the Dow declining 0.6%, the S&P500 slipping 0.2%, and the Nasdaq managing a modest 0.1% gain.
Thursday: Apple’s Earnings Boost Sentiment
Anticipation ahead of Apple’s earnings release lifted sentiment, leading to gains across the board. The Dow improved 0.9%, the S&P500 added 0.9%, and the Nasdaq surged 1.6%.
Friday: Jobs Data and Apple Earnings Drive Markets Higher
Lower-than-expected jobs data, combined with stellar earnings from Apple, propelled the U.S. stock markets sharply higher to end the week. The Dow rose 1.2%, the S&P500 gained 1.3%, and the Nasdaq climbed 2.0%.
Overall Weekly Performance
Despite mid-week uncertainties, all three Major Indexes reversed course and ended the week with overall gains. 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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