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The Dow Jones (^DJI) and S&P 500 (^GSPC) ended the week in positive territory, and Tokyo’s Nikkei Stock Average (^N225) hit a 34-year high. Tech stocks rallied, but energy stocks fell on geopolitical concerns. Yahoo Finance’s Jared Blikre breaks down what’s moving stocks this week.
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by angel smith.
video transcript
Jared Breichle: Welcome to Yahoo Finance. We’re taking a look back at a big week for the markets. And this is today’s photo finish. But let me show you one more thing. This week’s Russell 2000 is here. The final price is expected to decline by about 14 basis points. However, the S&P 500 has remained in the green for about 8/10, which is actually the price movement of the day. Let’s make it five days. At 1.84%, the Dow is barely staying in the green here.
But I want to focus on Tokyo. In Japan, it took Nikkei Shimbun about 34, 35 years to reach 35,000. The last time we saw this price was in his late 1980s when it was $89, but times were different. They experienced an incredible bubble and then it burst. It’s no different than what we’ll see here in the tech industry 10 years from now. But nevertheless, they are getting back there. It has not yet reached a new high. So let’s take a look at how the sector has been moving this week.
You’d be forgiven if you thought that was last year, because technology is number one. This is followed by a further 4.4%, followed by communications services that house Alpha and Meta. These two were top performers. Consumer staples, health care, discretionary, real estate, and industrial are also green. On the downside, it’s energy. Despite rising tensions around the Red Sea, interest in energy was less strong, falling by 2.4%. And for utilities, one of last week’s winners is one of this week’s biggest losers.
And the defensive structure that we saw last week, maybe because it was the first less fluid day of the year. Nevertheless, let’s take another look at Megacap here. Look at this in the NASDAQ 100. NVIDIA skyrocketed. Another 11.4% of the total. Amazon rose 6.5%. The meta is there too. Alphabet 5%. And this year, the software industry and semiconductors also seem to be doing very well. We’re looking at his big profits from not only NVIDIA, but also AMD, Josh.
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