What Happened in the Financial Markets?

The stock market closed a week of gains against the backdrop of low retail sales data, which strengthened the likelihood of an interest rate cut in December.

• S&P 500 rose by 3.73%

• Nasdaq closed with a gain of 4.91%

• Dow Jones increased by 3.18%

The 10-Year treasury yields dropped by 1.08% to 4.01%.

Sector Performance

In terms of sectors, Consumer Discretionary outperformed, rising by 4.86% over the past week. Conversely, the Energy sector posted the lowest returns, rising by 1.15%.