📊 What’s Happening?
Wall Street wrapped up the week with a mix of relief and caution. The focus was sharply on earnings season, central bank signals, and economic data. The S&P 500 edged higher, up 0.9% for the week, and the Nasdaq saw a 1.4% gain, helped by strong tech earnings. The Dow Jones Industrial Average posted modest gains as well, registering its fifth consecutive weekly win. On the macro front, the Federal Reserve and the European Central Bank both kept rates steady, but with a noticeably more cautious tone. This shift stirred speculation that rate cuts could come as early as Q4 2025, especially with recent data showing cooling inflation and sluggish job growth.
📉 Why Does It Matter?
This week’s developments highlighted a few key themes: Big Tech surprised to the upside: Alphabet (Google’s parent company) crushed earnings expectations and announced a $80 billion tech spending, sparking a…
