Hey Tigers!I am Tiger Observer, sharing market information with you! 🔎🔎🔎I will post the 10 most searched stocks on the Tiger Trade app. Don't miss my updates!!!Weekly movers:$NIO Inc.(NIO)$ dropped 8.98% last week despite the new brand release. Is this a normal pullback in an upward trend?Tiger’s view @CYberviRus$NIO Inc.(NIO)$ announced on Thursday that its subsidiary brand "ONVO" will make its global debut on May 15, marking Nio's venture into the low
Weekly: This week‘s CPI may push the SPX to test a new high
Last Week's RecapThe US Market - The Dow wrapped up its eighth consecutive winning dayThe major averages wrapped up the quiet week on a high note. The Dow posted a 2.16% gain for the period, its best week of 2024. The S&P 500 and the Nasdaq Composite both posted a third consecutive winning week, rising 1.85% and 1.14%, respectively.The last time the S&P 500 was at today’s level above 5200 in late March, the 12-month forward price/earnings multiple was 21. It’s now down to 20.4 due to better reported earnings and the passage of time bringing more distant profit forecasts in the denominator.The 10-year Treasury closed at 4.5% this week after a quick trip to 4.7%. More tentative evidence that equities can absorb somewhat higher yields, within reason, so long as the economy is handling