Weekly Wall Street Cheat Sheet
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This Week's Wall Street Cheat Sheet
Jobs Report Signaled Coming Recession (Weekly Cheat Sheet)
November 4, 2024
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The major indices stumbled through a challenging week. The S&P 500 dropped 1.4%, while the Nasdaq Composite slid 1.5%. The Dow Jones showed more resilience with just a 0.2% decline. Only the Russell 2000 managed to keep its head above water, inching up 0.1%. Tech earnings painted a mixed picture. Alphabet and Amazon delivered solid performances, climbing 3.4% and 5.4%, respectively. However, the tech trinity of Apple, Meta, and Microsoft all closed lower. Speaking of tech, semiconductor stocks took quite a beating – AMD’s 9.2% drop after soft guidance sent ripples through the sector. All eyes will be on the ...
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