Author: Natalia Halon

Last week’s market saw wild swings despite minor overall changes, driven by a stronger Yen and rising interest rates.

Another mixed week for the markets: performance remained mixed, with the Dow Jones being the only index in positive territory while others fell, reflecting similar trends from the previous week.

The markets had a rough week with four out of five indices closing lower, particularly the Nasdaq, which was hit by concerns of a potential AI bubble burst.

The Major Markets all closed higher last week, although with a somewhat muted performance.

Mixed market results marked the end of the first half of 2024. NASDAQ and MSCI World Index closed positively, contrasting with declines in the S&P 500, Dow Jones, and Emerging Markets.

Juneteenth’s shortened trading week saw all five major markets close higher, with the Dow Jones Industrial Average leading the way with a nearly 1.5% gain.

Tech stocks surged, lifting major markets higher, but economic uncertainty persists amid varied rate cut expectations.