13 May 2024
This week, the stock market saw gains, with the Nasdaq, S&P 500, and Dow Jones rising as Wall Street experienced a lull in economic data. The S&P 500 notably surpassed the 5,200 mark for the first time since early April. Looking ahead, key economic indicators such as the April inflation report, retail sales data, and initial jobless claims—which recently hit a nine-month high—will capture attention. Meanwhile, earnings reports from major corporations like Walmart, Home Depot, and Alibaba are set to punctuate a quieter earnings week.