Monday: Wall Street began the week mixed as rising bond yields overshadowed the anticipation for upcoming earnings. The Dow fell 0.8%, the S&P 500 slipped 0.2%, while the Nasdaq managed a modest gain of 0.3%.
Tuesday: Weak corporate earnings and rising treasury yields kept the market mixed. The Dow dipped by 0.02%, the S&P 500 declined 0.1%, and the Nasdaq continued its upward momentum with a 0.2% rise.
Wednesday: Tesla’s earnings release stirred investor concerns, leading to a sharp drop. The Dow dropped 1.0%, the S&P 500 fell 0.9%, and the Nasdaq plunged 1.6%, marking a challenging day for tech-heavy stocks.
Thursday: Positive earnings from Tesla helped boost the market, countering higher-than-expected jobless claims. The session closed mixed, with the Dow slipping 0.3%, while the S&P 500 and Nasdaq managed gains of 0.2% and 0.8%, respectively.
Friday: Gains in tech balanced out concerns over future rate cuts, ending another mixed session. The Dow declined 0.6%, the S&P 500 barely moved with a 0.03% dip, while the Nasdaq closed up 0.6%.
Conclusion: The week’s market movement was heavily influenced by rising bond yields, mixed earnings reports, and sectoral gains in tech. Ultimately, the Nasdaq secured a weekly gain, while the Dow and S&P 500 recorded losses, reflecting investors’ cautious approach amid economic uncertainty.
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