Monday: Last week started on a high note with investors eagerly awaiting Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole Symposium. The Dow rose by 0.6%, the S&P 500 gained 1.0%, and the Nasdaq surged by 1.4%.

Tuesday: Market sentiment took a hit following an earnings miss from Lowe’s, causing the Major Indices to dip. The Dow and S&P 500 both fell by 0.2%, and the Nasdaq declined by 0.3%.

Wednesday: The release of dovish minutes from the Fed’s July meeting spurred a mild rally. The Dow, S&P 500, and Nasdaq increased by 0.1%, 0.4%, and 0.6%, respectively.

Thursday: Concerns over rising treasury yields and the impending speech by Jerome Powell led to a market downturn. The Dow fell by 0.4%, the S&P 500 dropped by 0.9%, and the Nasdaq plunged by 1.7%.

Friday: Powell’s announcement that the Fed would begin lowering interest rates sparked a significant rally. The Dow jumped by 1.1%, the S&P 500 climbed by 1.2%, and the Nasdaq soared by 1.5%.

Conclusion: Despite a mixed start, the week ended positively as anticipation over Fed policy changes drove gains, marking another week of upward movement for all three major indices.

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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