Weekly Wall Street Cheat Sheet

The markets demonstrated remarkable resilience this week, with buy-the-dip trading driving significant gains. The Russell 2000 and S&P Mid Cap 400 emerged as standout performers, surging 4.5% and 4.2% respectively, benefiting from strategic capital rotation. The broader market showed strength too, with the S&P 500 and Nasdaq Composite each advancing 1.7%, while the Dow Jones Industrial Average posted a solid 2.0% gain. Some mega-cap names faced challenges. Alphabet experienced a 4.2% decline amid Department of Justice pressure regarding potential forced sales of Chrome and Android. Adding to the tech drama, OpenAI’s potential browser development could present a significant competitive challenge to Google’s dominance. The retail sector painted a contrasting picture. Target stumbled significantly, dropping 17.8% following disappointing earnings and ...