Shesa's Weekend Stock Market Updates - 9|20|26
Welcome to my weekend Updates Key Takeaway for last week: The Fed delivered its first rate hike in over 3 years and left the door open for more. Markets recovered better than expected on Thursday, but higher rates, sticky oil prices, and September seasonality still call for caution. Last week U.S. equities finished mixed in a volatile session. Stocks sold off sharply after the Federal Reserve’s rate decision on Wednesday, then recovered strongly on Thursday as oil prices eased and yields pulled back. Friday was quieter as the 10-year yield moved back slightly below 5%. Overall sentiment remained cautious despite Thursday’s rebound. T echnology led the recovery while Energy and Financials lagged. The Nasdaq managed a modest weekly gain, while the Dow and Russell 2000 lagged. Let's take a look at the Indices. S&P 500 declined -0.1% to close at 7,650.50 (YTD: +11.8% ) Nasdaq rose +0.7% to close at 26,522.55 (YTD: +14.1% ) Dow Jones declined -1.7% to close at 51,68...