Your Capital Markets Snapshot: S&P 500 and Dow Continued to Reach Record Highs

Last week, the S&P 500 and Dow continued to reach record highs, driven by strong quarterly earnings and economic data. The September Retail Sales report exceeded expectations, boosting the SPX by 0.8% for the week. Additionally, the semiconductor sector saw mixed results, with ASML's cautious guidance causing a dip, while Taiwan Semiconductor's robust results lifted the sector. The Russell 2000 also performed well, setting a fresh two-year high. Overall, the market sentiment remains bullish, supported by positive economic indicators and strong earnings.