Stock Market Recap: The Bull Still Has Some Kick

It was another interesting week on Wall Street. Just when things were looking rough, Fed Chairman Jerome Powell stepped in and gave the market just what it wanted; his comments brought investors back in, and the bulls showed they’re still in charge.

The broader indexes closed higher on Friday, with the Dow notching a new high. The S&P 500 came very close to a record close. Here’s how the major indexes wrapped up on Friday:

• Dow Industrials ($INDU): 45,631.74 (+1.89%)
• S&P 500 ($SPX): 6,466.91 (+1.52%)
• Nasdaq Composite ($COMPQ): 21,496 (+1.88%)

That’s a pretty strong finish after what felt like a rocky few days.

A Sea of Green on the MarketCarpet

If you glanced at the StockCharts MarketCarpet on Friday, it probably brought a smile to your face, as it was mostly green across the board. Almost every S&P sector joined the party, with Consumer Staples being the lone exception (it ended the day flat).

The beauty of MarketCarpets is how easy it is to drill down. By default, it shows you one-day S&P 500 performance, but you can switch views, focus on specific asset classes or groups, or explore different sectors.

Since the S&P 500 is a cap-weighted index, big names like NVDA, MSFT, AAPL, AMZN, GOOGL, META, TSLA, and AVGO show up as the largest boxes. When those heavyweights all flash green, it tends to lift the market mood, and that’s exactly what we saw.

Beyond Stocks: Precious Metals and Crypto Shine

Friday’s bullish tone wasn’t just in equities. Precious metals ticked higher, and cryptocurrencies joined the rally too. Ether even hit a record high, giving crypto traders a reason to cheer.

What’s Coming Up

This week was a classic example of how investor sentiment can flip. Next week could bring even more excitement, with two big items on the calendar:

• NVIDIA earnings
• PCE report

Both of these could stir the pot.

The bulls are still running, and there’s renewed optimism heading into next week. In this week’s articles and videos, we’ll dig deeper into the market action and highlight how to use StockCharts tools to spot investment opportunities. 

Until then, enjoy your weekend!