Your Capital Markets Snapshot: S&P 500 Gains 1.7% Amid Mixed Tech Performance

Last week, bullish market sentiment supported investors “buying the dip” throughout the week as buying pressures helped push the S&P 500 up 1.7%, despite dips throughout the week. Nvidia's earnings report showed strong results. However, the stock traded down for the second quarter in a row following a positive post-earnings release, possibly indicating high expectations are weighing on investor enthusiasm. The technology sector's performance was mixed, with semiconductors underperforming due to concerns about tighter export restrictions to China. Overall, optimism about potential positive impacts from the next administration’s policy changes and a strong U.S. dollar contributed are influencing market psychology and contributed to the market's upward momentum.