Monday: The Major Indices started the week in positive territory with investors keeping an eye on the upcoming Personal Consumption Expenditures report. The Dow rose 0.2%, the S&P 500 gained 0.3%, and the Nasdaq added 0.1%.
Tuesday: China’s new stimulus plan helped boost sentiment despite lower-than-expected housing data, leading to another day of gains. The Dow increased 0.2%, the S&P 500 climbed 0.3%, and the Nasdaq rose 0.6%.
Wednesday: Recession concerns were sparked by disappointing Consumer Confidence data, resulting in a mixed market session. The Dow fell 0.7% and the S&P 500 dipped 0.2%, while the Nasdaq managed to close slightly above even.
Thursday: A positive GDP report and strong earnings from Micron drove the markets higher. The Dow, S&P 500, and Nasdaq rose by 0.6%, 0.4%, and 0.6%, respectively.
Friday: Despite a strong start, markets ended mixed as investors digested the latest Personal Consumption Expenditures report. The Dow gained 0.3%, while the S&P 500 and Nasdaq fell 0.1% and 0.4%, respectively.
Conclusion: All three Major Indices closed the week with gains, despite mixed economic signals and volatility. Investors remained cautiously optimistic, with positive GDP data and China’s stimulus efforts helping to offset recession concerns and mixed consumer data.
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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