Weekly Wall Street Cheat Sheet

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This Week's Wall Street Cheat Sheet

Inflation Cools Off, Market Pricing 70% Fed Projects Single Rate (Weekly Cheat Sheet)

What a week it’s been in the financial markets! As the famous investor Warren Buffett once said, “The stock market is a device for transferring money from the impatient to the patient.” And patience certainly paid off for investors in mega cap stocks this week. The S&P 500 and Nasdaq Composite hit fresh record highs, closing 1.6% and 3.2% higher, respectively. However, not all indices shared in the gains. The Dow Jones Industrial Average declined 0.5% and the Russell 2000 fell 1.0%.Mega cap stocks, particularly in the technology sector, played a significant role in driving the S&P 500 and Nasdaq higher.  Apple (AAPL) jumped 7.9% after introducing “Apple Intelligence” ...
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