18. Weekly Market Recap: Key Movements & Insights

📉 Choppy Markets: Inflation Worries Shake Stocks! 💸

Stocks Struggle Amid Inflation Concerns and Tech Weakness

In a volatile market week, the S&P 500 slipped 0.5%, snapping its gains as investors grappled with inflation concerns and mixed economic signals.

The index's year-to-date performance remains strong at 27.6%, but the recent choppiness highlights the market's sensitivity to economic data and Federal Reserve policy expectations.

A stronger-than-expected Producer Price Index (PPI) report drove the week's losses, which reignited fears of persistent inflation. This report raised doubts about the likelihood of a Federal Reserve rate cut in December, leading to a spike in 10-year Treasury yields. The technology sector, which had shown strength earlier in the week, faltered after disappointing earnings reports from key players. Consumer durables and retail trade were among the few bright spots, while health services and utilities lagged.

Cryptocurrencies experienced a rollercoaster week, with Bitcoin dropping sharply on Monday before recov…