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US stock markets finishes the week flat after gains on Thursday and Friday
Key Takeaways (30s Read)
US stock markets ended the week flat despite gains on Thursday and Friday driven by strong earnings and lower CPI.
The week in US stock markets began with heavy selling post-FOMC but saw a recovery on Thursday and Friday, driven by strong earnings from Micron and a lower CPI. The CPI dip, however, may be skewed by data collection issues due to the government shutdown. For the week, the S&P 500 finished virtually flat.
On the day, major indices showed gains: S&P 500 +0.8%, Nasdaq +1.1%, Russell 2000 +0.8%, DJIA +0.3%, Toronto TSX +1.2%. Today's trading featured the largest options expiration in history, with an estimated $7.1 trillion traded. Following an initial buying burst, prices traded in a tight range.
Strong performers included Carnival Cruise Lines, Moderna, Micron, Oracle, and AMD, each up more than 5%. In contrast, Nike suffered a notable decline of 10.9%, indicating ongoing struggles in the housing sector. The 'Mag7' stocks showed mixed results, possibly due to the heavy options expirations, with NVIDIA rising 3.4% but other heavyweight names like Microsoft and Tesla experiencing slight declines.
AI Analyst
AI Opinion
"The US stock market experienced a turbulent week but showed signs of recovery fueled by Micron's positive earnings. However, questions linger about the reliability of the lower CPI data. The significant options expiration likely made traders more cautious despite the rebound in prices. The current equity market remains technically unstable, and short-term fluctuations may be highly sensitive to liquidity changes, economic indicators, and upcoming earnings reports. Investors should maintain a watchful eye on market trends while adopting a careful positioning approach."
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