U.S. stocks wrapped up the week on a positive note, with most major indexes breaking out of multi-week slumps. The Dow Jones Industrial Average led the way, rising 1.2%, while the S&P MidCap 400 recorded its first weekly gain since January. However, the Nasdaq Composite lagged as large-cap tech stocks underperformed, dragging down the tech-heavy index. Meanwhile, value stocks continued their winning streak, outperforming growth stocks for the fifth consecutive week and extending their year-to-date lead to nearly nine percentage points. Despite the market’s upward movement, trading volumes were unusually light, particularly on Thursday, marking the year’s lowest daily volume. According to traders, this reflected cautious investor sentiment as markets digested a mix of policy changes, economic forecasts, and geopolitical uncertainties.
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Warren Gerow is an independent investment wealth consultant to Sightline Wealth Management.
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