Holiday Market Wrap: Mixed Results for S&P 500
The Major Markets saw gains across the board once again last week.
The Major Markets saw gains across the board once again last week.
The Major Markets saw gains across the board once again last week.
Major markets surged as Powell’s speech hints at rate cuts. Mid-cap stocks outperformed, while a big job revision added to economic shifts.
Juneteenth’s shortened trading week saw all five major markets close higher, with the Dow Jones Industrial Average leading the way with a nearly 1.5% gain.
The major markets ended the Memorial Day week with losses, but the S&P 500 gained 4.8% for the month, its second-best of the year.
Last week saw mixed market results: the Nasdaq rose 1.4%, the Dow Jones fell 2.3%, and the S&P 500 stayed flat. The Nasdaq and S&P 500 hit new highs.
NVIDIA released their earnings last Wednesday, beating both revenue and net income estimates by about 20%. This caused their stock price to jump over 16%.
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