Stocks rallied broadly this week: S&P 500 closing at 6,909.51 (+1.45%), Nasdaq closing at 22,886.07 (+2.08%), Dow Jones closing at 49,625.97 (+0.56%), Russell 2000 closing at 2,663.78 (+1.28%). The advance was broad-based — all major indices moved higher together, a clean risk-on signal.
The 10-year Treasury yield ended the week little changed at 4.08%, providing no strong directional signal from the rates market. Gold moved +1.42% to $5,080.90, a modest bid with no strong directional signal. The dollar strengthened +0.72% (DXY: 97.80), a headwind for multinational earnings and international ETF holders.
The economic calendar was quiet this week, with no major data surprises to shift the macro narrative.
Next week's calendar is light — a good time to review positions and rebalance rather than react to noise.
This week's rally was broad-based. The S&P 500 gained 1.4% with Nasdaq +2.08% and Dow Jones +0.56% joining the advance — a clean risk-on week. A $10,000 portfolio added roughly $145. The dollar also strengthened +0.7% — a quiet headwind if you hold international ETFs, as foreign gains get partially erased when converted back to USD.
📈 Large Cap
📊 Broad Market
🏦 Fixed Income
| Index | Close | Weekly % | Week Range |
|---|---|---|---|
| Nasdaq | 22,886.07 | +2.08% | 22,380.00 – 22,930.00 |
| S&P 500 | 6,909.51 | +1.45% | 6,798.30 – 6,915.86 |
| Gold | 5,080.90 | +1.42% | 4,859.77 – 5,088.00 |
| Russell 2000 | 2,663.78 | +1.28% | 2,622.00 – 2,675.00 |
| USD Index | 97.80 | +0.72% | 96.85 – 98.08 |
| Dow Jones | 49,625.97 | +0.56% | 49,280.00 – 49,750.00 |
| 10Y Treasury | 4.08 | +0 bps | 4.04 – 4.10 |
| Date | Event | Actual | Expected | Previous | Surprise |
|---|
| Date | Event | Importance |
|---|
| Signal | Suggested Action |
|---|---|
| USD Index strengthened +0.72% this week | A stronger dollar weighs on multinational earnings and commodities. Consider reducing exposure to export-heavy sectors and commodity ETFs (GLD, DJP). |