News

This week, the S&P 500 index rose approximately 0.1%, the Dow Jones Industrial Average rose 1.5%, the Nasdaq fell 0.5%, the Nasdaq 100 index fell 0.9%, the semiconductor index was roughly flat, the Philadelphia Bank Index rose 3.5%, the biotechnology index rose 0.8%, and the Russell 2000 index rose 3.1%; the technology giants index fell 1.4%, the Trump tariff losers index rose 2.4%, and the retail investor meme stocks index rose 6.5%. On Friday, when Powell released dovish signals, the S&P 500 index initially closed up 1.5%, the consumer discretionary sector rose 3.2%, the energy sector rose 2%, and the telecommunications, materials, real estate, industrial, financial, and technology sectors all rose at least 1.2%. The Dow initially closed up over 800 points, with component stock Caterpillar rising 4%, Home Depot, Goldman Sachs, American Express, Amazon, and Nike all rising about 3%, but Walmart and VZ still fell over 1%. The Nasdaq 100 index initially closed up over 300 points, an increase of 1.4%, with component stocks ON Semiconductor, ODFL, Tesla, and "Bitcoin holder" Strategy (MSTR) rising over 6%, GlobalFoundries, Intel, AppLovin, and NXP Semiconductors all rising at least about 4.9%, while T-Mobile, MNST, Workday, CSX, and Intuit all fell at least over 2%