The Weekly Average Momentum Index (AMI) rankings of HSA, SSPP, RSP, SELECT, ETF, iETF, and sETF have been posted on the "Rankings" and "Trading Logs" pages.
Stocks retreated from record highs as they approached the 6500 resistance level. Inflation data showed the core personal consumption expenditures (PCE) holding steady in July, and the GDP growth was revised higher. Positive earnings from NVIDIA also eased some of the street's concern around this AI-driven rally. For the week, the S&P 500 dipped 0.1% to close at 6460, the Dow Jones Industrial Average fell 0.19%, and the Nasdaq Composite decreased 0.19%.
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| The weekly chart of the S&P 500 index |
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