S&P 500 gained 1.2% last week. The gain was concentrated in mega-cap tech. Nvidia rose 4% Friday. Alphabet slipped. Equal-weight index flat. CPI and Q2 earnings ahead.
The S&P 500 gained 1.2% last week. The move was driven by mega-cap technology stocks, while the equal-weight version of the index barely budged, the analyst wrote.
Nvidia added 4% on Friday, continuing its run on AI-chip demand. Alphabet slipped 0.5% for the week. Regulatory noise out of Washington weighed, according to the report.
The 10-year Treasury yield rose 8 basis points to near 4.35% after a stronger-than-expected jobs report that pushed back bets on a September rate cut. Crude oil fell 3% on the week, helping the consumer discretionary sector add 1.8%.
AlphaScala's SPY stock page carries a Mixed Alpha Score of 38 out of 100, a reading that suggests the index's internal health is weaker than the headline return implies. Nvidia's Alpha Score stands at 75, Strong, with the stock at $210.96, up 4.03% on the day. Alphabet's Score is 73, Moderate.
CPI data and the start of Q2 earnings season land this week. The big banks report Friday. For broader market analysis, see stock market analysis.
Drafted by a large language model from the source reporting linked above, then screened by automated publishing checks. It is not read by a journalist before publication. Some articles cite our Alpha Score. Verify prices and figures against the original source. Educational coverage, not personalized advice.