This Week on Wall Street
Your weekly cheat sheet — what's moving markets, what's coming up, and what it means for your portfolio. No jargon, just clarity.
This Week in Markets
Wall Street roared back to open the new trading week, snapping the prior week's AI-valuation-driven selloff — the S&P 500 jumped 2.35% to 7,549.94, the Nasdaq Composite surged 2.74% to 25,253.14, and the Dow Jones soared 2.15% (1,104 points) to 52,389.75. The rally was broad, with all 11 S&P 500 sectors finishing higher as Industrials (+3.82%) and Technology (+3.73%) led on a fierce rebound in chipmakers, while Energy lagged (+0.52%) after reports of progress on reopening the Strait of Hormuz eased tensions and sent WTI crude down to about $86.85. Nvidia bucked the trend, falling roughly 4% after its board announced an internal investigation into CEO Jensen Huang, even as the broader semiconductor group jumped nearly 7%. The VIX plunged 22% to 19.92, back under the key 20 level, while the Fear & Greed Index improved to 32, moving out of Extreme Fear into Fear territory. Gold climbed to roughly $4,150 and the 10-Year Treasury yield ticked up to 4.88% as investors braced for today's delayed October CPI report and earnings from CoreWeave, Cisco, and Applied Materials.