Over the past week, the Nasdaq Composite and S&P 500 Index reached record highs while the Dow Jones Industrial Average saw slight declines. Investors were reacting to corporate earnings reports and economic indicators on inflation, with the consumer price index (CPI) meeting expectations and the producer price index (PPI) remaining unchanged. Additionally, consumer sentiment saw its highest reading since February.
Key earnings reports included Citigroup and Wells Fargo, which moved in opposite directions, while Charles Schwab achieved a record high. Nvidia announced plans to resume chip sales to China, boosting chip stocks. However, the semiconductor sector faced challenges after ASML warned of lower growth prospects for 2026.
Next week will feature fewer economic data releases, but earnings reports continue, with heightened interest in the volatility index, which stands approximately 15% above standard levels.
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