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This Week's Wall Street Cheat Sheet

Markets Continue Bearish Trend For 6th Week (Weekly Cheat Sheet)

The markets endured another turbulent week, with major indices posting significant losses. The Russell 2000 fell 2.8%, the S&P 500 declined 3.1%, and the Nasdaq Composite registered a staggering 5.5% loss. Interestingly, the price-weighted Dow Jones Industrial Average managed to settle unchanged for the week. This marks the sixth consecutive week of losses for both the S&P 500 and the Nasdaq Composite. The ongoing weakness in mega-cap stocks and semiconductor shares, which have been leading the market higher so far this year, had a disproportionate impact on index performance. The Vanguard Mega Cap Growth ETF (MGK) dropped 5.8%, while the PHLX Semiconductor Index (SOX) plunged a whopping 9.2%. Rate Watch Investors are recalibrating their expectations regarding the future ...
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