Monday: The trading week kicked off with mixed results across major U.S. indexes as investors took a cautious stance ahead of key earnings reports and the Federal Reserve meeting. The Dow slightly declined by 0.1%, while the S&P 500 and Nasdaq each edged up by 0.1%.
Tuesday: Despite broader gains that boosted the Dow by 0.5%, a sharp downturn in tech stocks resulted in a 0.5% drop for the S&P 500 and a 1.3% fall for the Nasdaq.
Wednesday: Markets rebounded strongly mid-week, fueled by a tech rally and dovish remarks from the Fed Chair, which spurred hopes of an interest rate cut in September. The Dow rose 0.2%, the S&P 500 climbed 1.6%, and the Nasdaq jumped 2.6%.
Thursday: A disappointing manufacturing report dampened market sentiment, leading to significant losses across the board. The Dow, S&P 500, and Nasdaq dropped by 1.2%, 1.4%, and 2.3%, respectively.
Friday: The week closed on a down note with all major indexes suffering further losses after a weak jobs report heightened economic concerns. The Dow decreased by 1.5%, the S&P 500 by 1.8%, and the Nasdaq by 2.4%.
Conclusion: Overall, it was a week marked by initial caution, mid-week optimism, and a bearish end, with all indexes closing lower.
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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