Weekly Wall Street Cheat Sheet

Happy Presidents Day! The equity markets displayed resilience, managing to close the week with gains despite a barrage of economic data and geopolitical developments. The S&P 500 climbed 1.5%, while the Dow Jones Industrial Average gained 0.6%. Leading the charge was the Nasdaq Composite, up 2.6%. The surge in mega-cap stocks significantly influenced overall market performance. The Vanguard Mega Cap Growth ETF (MGK), mirroring this trend, jumped 2.5%, outpacing the broader market. A telling sign of the current market dynamics. This dominance was evident in the S&P 500 sector performance, with Information Technology leading with a 3.8% increase, followed by Communication Services at 2.0%, both sectors heavily populated with mega-cap constituents. Interestingly, the ...