📈 U.S. Stock Market Recap
U.S. equity markets experienced a modest pullback this week, with major indices posting their largest weekly declines since mid-April.
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S&P 500: -0.5%
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Dow Jones Industrial Average: -0.2%
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Nasdaq Composite: -0.3%
Despite the weekly losses, markets showed resilience, buoyed by optimism over U.S.-China trade negotiations. Futures surged on Sunday evening following reports of “substantial progress” in talks held in Switzerland, with U.S. officials describing the discussions as productive and constructive. This optimism was reflected in futures trading.
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Dow Futures: +1.3%
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S&P 500 Futures: +1.4%
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Nasdaq Futures: +1.6%
Investors are also anticipating key economic data releases in the coming week, including April’s Consumer Price Index (CPI) on Tuesday and retail sales figures on Thursday, which could further influence market sentiment.
🪙 Cryptocurrency Market Highlights
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Bitcoin (BTC): Increased by approximately 8.3%, rising from around $96,768 to over $104,530.
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Ethereum (ETH): Surged by about 39.5%, climbing from $1,836.90 to approximately $2,529.67.
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Solana (SOL): Grew by roughly 21.7%, advancing from $149.10 to about $175.79.
ETH BLOG POST:
🔮 Looking Ahead
The upcoming week is poised to be eventful, with investors closely monitoring:
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Inflation Data: April’s CPI report on Tuesday will provide insights into inflation trends.
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Retail Sales: Thursday’s data will shed light on consumer spending habits.
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Federal Reserve Commentary: Remarks from Fed officials, including Chair Jerome Powell, could influence market expectations regarding interest rates.
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Earnings Reports: Major companies like Walmart, Cisco, and Alibaba are scheduled to release earnings, offering a glimpse into corporate performance amid current economic conditions.
