27. Weekly Market Recap: Key Movements & Insights
π’ Markets Show Resilience: Weekly Gains Despite CPI Volatility
S&P 500 Approaches Record High Amid Inflation Data
The S&P 500 demonstrated resilience this week, advancing 1.0% despite significant volatility triggered by surprising inflation data. Markets maintained a steady course early in the week before Wednesday's hotter-than-expected CPI report initially sparked a selloff. However, the dip proved temporary as stocks rebounded strongly, nearly reaching all-time highs by week's end, supported by positive developments regarding potential tariff delays from the White House.
Sector performance revealed distinct winners and laggards, with communications, transportation, and consumer services leading the advance. Consumer durables, industrial services, and health technology notably underperformed. In the commodities space, oil experienced volatility, initially declining on geopolitical concerns before recovering on tariff-related news. Despite Friday's pullback, gold continued its impressive run, gaining 0.8% for the week. The cryptocurrency market reβ¦
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