Shesa's Weekend Stock Market Updates - 4|12|26
Welcome to my weekend's update After weeks of doldrum last week, the U.S. stock market had its strongest weekly gains since November , driven by relief over a fragile two-week ceasefire agreement between the U.S. and Iran contingent on reopening the Strait of Hormuz). Over the weekend, negotiation went on between U.S and Iran in Islamabad headed by vice president JD Vance. The Oil prices which is key driver of the inflation fell from about $115 to $95. This brought some relief for the investors. Overall, last week marked a strong rebound, with the Nasdaq exiting correction territory. Markets remain sensitive to developments in the ceasefire and upcoming earnings season. Volatility could persist next week depending on geopolitical updates, economic data and Q1 earnings results. All the indexes were up handsomely, particularly Wednesday was huge. S&P 500 : Up 3.6% for the week, closing at 6,816.89 Dow Jones : Up 3%, closing at 47,916.57 Nasdaq Composite : ...