Weekly Market Recap: Tech Gains vs. Interest Rate Worries

Monday: Mixed Start
Interest rate concerns overshadowed gains in the tech sector, leading to a mixed start for the week. The Dow fell by 0.5%, the S&P 500 edged up by 0.1%, and the Nasdaq rose by 0.7%.

Tuesday: Nvidia Earnings Boost
Anticipation ahead of Nvidia’s earnings lifted sentiment, resulting in a positive session. The Dow and Nasdaq both increased by 0.2%, while the S&P 500 climbed 0.3%.

Wednesday: Fed Minutes Impact
The release of the Fed’s May meeting minutes revealed a more hawkish stance than expected, causing a decline in the Major Indexes. The Dow dropped by 0.5%, the S&P 500 by 0.3%, and the Nasdaq by 0.2%.

Thursday: Mixed Data Weighs Down Market
Despite strong earnings from Nvidia, mixed economic data reignited interest rate concerns, leading to a downturn. The Dow plunged 1.5%, the S&P 500 fell by 0.7%, and the Nasdaq dipped by 0.4%.

Friday: Tech Gains Lead Recovery
The Major Indices managed to end the week on a positive note, driven by gains in tech shares. The Dow inched up by 0.01%, the S&P 500 rose by 0.7%, and the Nasdaq added 1.1%.

Weekly Summary:
Overall, the S&P 500 and Nasdaq posted week-over-week gains, while the Dow closed lower.

And that’s The Market In Review.

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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