Key Takeaways
- Our positive outlook remains unchanged
- Sentiment looks a bit stretched at the moment
- Consolidation into deeper July possible
Market Review |
U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average advanced 0.7% during the week to close at 40,287.53. The S&P 500 fell 2% from last Friday's close to 5,505.00. The Nasdaq slumped 3.7% this week and finished at 17,726.94. Both gauges marked their biggest weekly losses since April. The tech-heavy Nasdaq also snapped a six-week win streak. Among the key S&P sectors, the energy sector was the best weekly performer, while the technology sector dragged the most. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.5. Read MoreYou are currently viewing a placeholder content from X. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
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