Monday: Last week kicked off with a positive trend, primarily led by gains in the technology sector. The Dow edged up by 0.1%, the S&P 500 saw a 0.3% increase, and the Nasdaq experienced a notable rise of 0.8%.
Tuesday: Market conditions remained favorable as investors digested recent comments from Federal Reserve Chair Jerome Powell. The session ended on a higher note despite some fluctuations, with the Dow, S&P 500, and Nasdaq climbing 0.4%, 0.6%, and 0.8% respectively.
Wednesday: Mixed signals from the services sector led to a varied day on the market. While the Dow slightly declined by 0.1%, the S&P 500 and Nasdaq managed to gain, rising 0.5% and 0.9%, highlighting a continued preference for tech stocks.
Thursday: Markets were closed in observance of the Fourth of July, giving traders a mid-week pause.
Friday: The release of hotter-than-expected jobs data fueled hopes for interest rate cuts, propelling stocks higher. The Dow closed up by 0.2%, the S&P 500 increased by 0.5%, and the Nasdaq continued its strong performance with a 0.9% rise.
Conclusion: Despite some midweek uncertainties, all major indices concluded the week on a high note, underscoring a resilient market driven by optimism in the technology sector and economic 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!
Want These Types of Insights at Your Fingertips so You Can Win More Trades?
Use VectorVest to analyze any stock free. VectorVest is the only stock analysis tool and portfolio management system that analyzes, ranks and graphs over 18,000 stocks each day for value, safety, and timing and gives a clear buy, sell or hold rating on every stock, every day.
Before you invest, check VectorVest! Click here to ANALYZE ANY STOCK FREE and see our system in action!
Leave A Comment