29. Weekly Market Recap: Key Movements & Insights

🔥 Tech Tumbles as Tariffs Rattle Markets: Weekly Breakdown

The S&P 500 retreated this week as technology stocks faced significant pressure and new tariff announcements rattled investor confidence. After extending last week's sell-off, the index recovered some ground on Friday, though not enough to erase earlier losses. Nvidia, which has been the market's leading technology stock, dropped over 8% despite beating earnings expectations on Wednesday, signaling potential exhaustion in the AI trade that has dominated market sentiment for months. Rising jobless claims and disappointing consumer confidence data further dampened investor enthusiasm, while the White House's new tariff developments added another layer of uncertainty to an already fragile market environment.

Sector performance showed a clear rotation away from technology, with consumer non-durables, health technology, and communications emerging as relative safe havens. Meanwhile, consumer durables, technology services, and electronic technology lagged significantly. In the commodities sp…