Monday: Last week started on a positive note with key economic data looming later in the week. The Dow rose by 0.7%, while the S&P 500 and Nasdaq both gained 0.1%. Investors were cautiously optimistic, but the market remained focused on the data set to be released later in the week.

Tuesday: Sentiment shifted as concerns over the upcoming Consumer Price Index (CPI) release took hold. As a result, the Major Indices ended the day lower. The Dow dropped 0.9%, the S&P 500 fell 0.3%, and the Nasdaq slipped 0.1%. Investors were apprehensive ahead of the CPI data.

Wednesday: The CPI data came in line with expectations, but inflation and interest rate concerns lingered. Despite this, the Major Indexes finished the day with mixed results. The Dow gained 0.1%, the S&P 500 closed slightly higher, but the tech-heavy Nasdaq ended down 0.3%.

Thursday: Fed Chair Jerome Powell’s comments added more uncertainty, as he stated there was no rush to cut rates. This weighed on sentiment, and the Major Indices finished lower for the day. The Dow lost 0.5%, the S&P 500 fell 0.6%, and the Nasdaq dropped 0.6%.

Friday: Fears about future interest rate cuts continued to cloud the market, and Wall Street closed on a negative note. The Dow declined by 0.7%, the S&P 500 plunged 1.3%, and the Nasdaq suffered a significant drop of 2.2%.

Conclusion: In the end, the Major Indexes reversed course this week, all finishing with losses. The combination of CPI data, inflation concerns, and Fed commentary weighed heavily on investor sentiment, making for a volatile week in the markets.

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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