Weekly Market Update

Weekly Market Update:

As we review the market's performance over the past week, it's clear that investors have been navigating a tumultuous landscape marked by trade tensions, interest rate decisions, and earnings reports.

Key Takeaways:
• The S&P 500 (^GSPC) rose 4.1% for the week, with Big Tech stocks leading the charge.
• The Dow Jones Industrial Average (^DJI) gained 0.7%, while the Nasdaq Composite (^IXIC) jumped 6.2%.
• Tesla (TSLA) jumped nearly 10% amid optimism that entry into the Indian market is near.

Market Insights:
The past week has been marked by a mix of positive and negative developments. On the one hand, trade tensions have eased slightly with reports suggesting China may pause its 125% tariff on some US goods. Additionally, Federal Reserve officials hinted at possible rate cuts as early as this summer, which helped to boost market sentiment.

On the other hand, investors remain cautious due to ongoing trade tensions and concerns about economic growth. The S&P 500 is still down around 13.9% from its mid-February peak, and oil prices have only declined modestly despite recession fears.

Top Performers:
• Nvidia (NVDA) rose nearly 4%
• Tesla (TSLA) jumped nearly 10%
• Alphabet (GOOG, GOOGL) stock rose after the company beat on earnings and announced a dividend hike and a $70 billion stock buyback

What's Ahead:
As we look ahead to next week, investors will be keeping a close eye on trade developments, particularly with regards to China. The Fed's rate decision in June will also be a key focus point.

In the meantime, earnings season continues, with more companies reporting their quarterly results. Stay tuned for updates and analysis on these developments.