S&P 500 Nears Best Week Of 2024. What’s Next?🚀
@ZEROHERO:
Thanks to Tiger for awarding the weekly top prediction for QQQ again. For the week, the S&P 500 (SP500) advanced +2.3%, the blue-chip Dow (DJI) added +2.0%, and the tech-heavy Nasdaq Composite (COMP:IND) climbed +2.9%. The S&P 500 remained flat for the day but boasted a 2.3% increase for the week, marking its most significant weekly gains since December 2023, holding above 5,200 points. It marked its best weekly performance of 2024, snapping a two-week losing streak in the process. Wall Street's bull run was rekindled after the Federal Reserve's updated dot plot stuck to three interest rate cuts this year. Many market participants were fearing much worse, and Fed Chair Jerome Powell further allayed concerns with a relaxed attitude towards recent hot inflation reports. Bull flag