Monday: The trading week began on a cautious note with mixed market performance as investors braced for Federal Reserve Chair Jerome Powell’s upcoming testimony to Congress. The Dow slightly declined by 0.1%, while the S&P 500 edged up by 0.1%, and the Nasdaq saw a modest increase of 0.3%.

Tuesday: Markets continued to display mixed reactions as Jerome Powell addressed Congress. Minimal movements were seen with the Dow falling another 0.1%, but both the S&P 500 and Nasdaq managed to secure a small gain of 0.1% each.

Wednesday: Sentiments improved midweek as investors were buoyed by hopes of a forthcoming interest rate cut. This optimism led to substantial gains across the board, with the Dow, S&P 500, and Nasdaq climbing by 1.1%, 1.0%, and 1.2% respectively.

Thursday: Despite a rocky session, markets managed to end mixed after a lower-than-expected Consumer Price Index report provided some relief, countering the losses in the technology sector. The Dow increased slightly by 0.1%, but the S&P 500 dropped by 0.9% and the Nasdaq took a significant hit, plunging by 2.0%.

Friday: Positive corporate earnings reports from major banks like JPMorgan and Citigroup lifted spirits and helped the markets close on a high note. Despite a higher-than-expected Producer Price Index, all three major indices—the Dow, S&P 500, and Nasdaq—enjoyed a 0.6% rise.

Conclusion: Overall, last week ended positively for the major indices, each marking another gain in a series of volatile trading days, influenced by economic reports and corporate earnings.

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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