Stocks experienced higher volatility due to earning season and geopolitical tension in Ukraine and Gaza. Large cap stocks managed to advance while small cap stocks went down. S&P 500 index closed at 1978, up 0.54%, Dow Jones Industrial Average gained 0.92%, and Nasdaq composite increase 0.38% for the week.
Weekly chart shows that S&P 500 index has been flat for 3 weeks as investors digest the gain and seeking direction. However, that does not tell the whole picture of this consolidation. The large cap and mid cap companies has been holding up quite well during this consolidation, while small cap companies suffered. In the weekly chart of Russel 2000 index which represents small cap companies, the index has come down 5% from its previous high in the last two weeks.
As for industrial sectors, other than energy sectors, technology sector is coming up strong which also boosted countries like Taiwan, Mexico and other emerging countries in the global arena.
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| Weekly Chart of S&P 500 Index |
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| Weekly Chart of Russell 2000 Index |
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