Weekly Market Recap: Indices Rally Despite Rate Concerns

Monday: Mixed Start
Wall Street began last week with mixed results as investors exercised caution ahead of key inflation data. The Dow dropped by 0.2%, the S&P 500 dipped slightly by 0.02%, and the Nasdaq managed a 0.3% gain.

Tuesday: Optimism on CPI Data
Anticipation of the Consumer Price Index (CPI) release boosted the Major Indices. The Dow rose by 0.3%, the S&P 500 increased by 0.5%, and the Nasdaq climbed by 0.8%.

Wednesday: Positive CPI Impact
The CPI data met expectations, easing concerns about interest rates. This led to a positive close for Wall Street: the Dow surged by 0.9%, the S&P 500 by 1.2%, and the Nasdaq by 1.4%.

Thursday: Market Pullback
Investor sentiment turned negative on fears that the Federal Reserve might keep interest rates higher for longer. The Dow fell by 0.1%, the S&P 500 by 0.2%, and the Nasdaq by 0.3%.

Friday: Mixed Close
Hawkish remarks from US Federal Reserve Governor Michelle Bowman influenced the market, resulting in a mixed close. The Dow gained 0.3%, the S&P 500 edged up by 0.1%, but the Nasdaq slipped by 0.1%.

Weekly Summary:
Despite some volatility, all major indices ended the week on a positive note.

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.

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