Stock Market Weekly update -May 24
We made it to the 8th week up in the S&P500, as all market indices closed at weekly all time highs on Friday! AAPL & CSCO hit all time highs again, along with the Semis ( SMH ). NVDA surprisingly pulled back after reporting great earnings. WMT pulled back on earnings, while GOOGL was also down for the week. Cybersecurity stocks popped again. Quantum stocks popped! Bitcoin & Eth pulled back for a 2nd week, Same data as last week: Stocks are up, Rates are up, Oil is high, Inflation is up, while Consumer sentiment hit another all time low (lowest in history)! Just saying… Markets are closed on Monday. The new Fed Chairman was sworn in last week . Dow adds nearly 300 points Friday for new record close; S&P 500 notches eighth winning week Dow hits first intraday record high since February Americans are ‘entrenched’ in financial stress amid debt and price pressures 5/17: Interest rates have been rising this year, al;ong with stocks! The week ahead: ...