For the week, the Dow experienced a 2.16% gain, its strongest since December and its fourth consecutive week of gains. Both the S&P 500 and Nasdaq Composite also ended the week positively, recording their third consecutive winning week with rises of 1.85% and 1.14%, respectively.
In addition, several Federal Reserve officials, including Chair Powell, will speak at various events, with Powell's appearance set for Tuesday. “On the positive side, we forecast another large gain in car insurance rates based on online price data, and we assume a 2bp boost to core CPI from this year’s tax preparation price hikes ,” Goldman said.
In the tech sector, stronger-than-anticipated AI monetization and capital expenditure trends have bolstered the sector's recovery, with many analysts expecting that upcoming industry conferences will further propel AI-related stocks upwards in the coming weeks.
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