Monday: Wall Street struggled to find direction as investors anxiously awaited the upcoming Federal Reserve announcement. The Dow gained 0.6%, the S&P500 ticked up 0.1%, but the Nasdaq slipped 0.5%.

Tuesday: It was another mixed day for the markets. The Dow edged down by 0.04%, while the S&P500 increased by 0.03%, and the Nasdaq gained 0.2%.

Wednesday: After starting the session higher, the markets turned negative following a 50-basis point interest rate cut from the Federal Reserve. All three major indexes—Dow, S&P500, and Nasdaq—declined by 0.3%.

Thursday: Excitement surrounding the first interest rate cut since 2020 fueled a strong rally. The Dow jumped 1.3%, the S&P500 surged 1.7%, and the Nasdaq rocketed 2.5%.

Friday: Optimism was dampened by hawkish comments from Federal Reserve Governor Michelle Bowman. The Dow managed a 0.1% gain, while the S&P500 slipped 0.2%, and the Nasdaq dropped 0.4%.

Conclusion: For the week, all three Major Indexes secured their second consecutive weekly win.

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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