Shesa's Stock Market Weekend Updates - 7|12|26
Welcome to the weekend updates The U.S. stock market ended the week with modest overall gains. Both Nasdaq and S&P 500 gained but Dow pulled back a little bit. The Nasdaq led the advance on renewed enthusiasm for AI and technology stocks. Broader market breadth improved somewhat, with participation beyond just mega-cap tech names. Volatility stayed relatively contained. There were not much economic activities. Oil picked up slightly after the renewed strike by U.S. The 10 year Treasury Bond yields remained around 4.55% range. The Q2 earnings will kick-off this week. But first let's see the stock indices: • S&P 500: Up 1.2% for the week, closing at 7,575.39 on Friday. • Nasdaq: Gained about 1.7% , closing at 26,281.61. • Dow: Lost about -0.5% , closing at 52,637.01. For the year, the S&P 500 up around 10-11%, the Dow up about 9.5%, and the Nasdaq up about 13%. Other News South Korean chipmaker SK Hynix made a blockbuster debut on the Nasdaq...