US stocks fell on Monday due to concerns that a strong economy may delay an interest rate cut by the Federal Reserve, hurting the stock market. Some sectors were hit harder, such as FedEx, which lost after losing a major contract. However, the technology sector outperformed, with companies like Micron Technology gaining. Trump Media also saw a significant decline amidst financial concerns.
The stock market had a good day on Wednesday, with the overall market (S&P 500) reaching a new high. Key inflation data is expected to be released on Friday, and many experts are watching to see if it might encourage the Federal Reserve to slow down how quickly it's raising interest rates. Several companies saw big changes in their stock prices, with MC soaring and GameStop plummeting.
The S&P 500 gained this week, marking its biggest weekly increase this year, despite most stocks falling on Friday. The market was influenced by the Federal Reserve's plan for further interest rate hikes, but not all sectors performed equally. While technology stocks like Apple and Microsoft showed limited growth, financials and industrials saw improvement. Company-specific news included a decline in Nike and Lululemon shares due to revenue concerns, while FedEx shares rose after exceeding profit expectations.
The US stock market fell Thursday due to concerns about higher-than-expected producer prices, which measure business costs. This suggests that the Federal Reserve might not cut interest rates as quickly as expected, as inflation remains elevated. The drop was also influenced by a decline in Nvidia shares and a surge in Robinhood Markets shares after it reported a rise in user funds.
