The large-cap indices ended the week higher but noticeably lower than where they were at Monday's highs (before earnings season started).
Technology stocks performed well this week but not as well as many small-cap/value/cyclical stocks, as investors felt more confident in a recovery.
The S&P 500 and Dow Jones Industrial Average snapped four-week losing streaks this week, and the Nasdaq Composite performed comparably. The real winner, however, was the Russell 2000.
This week was a classic roller coaster ride for the market that ultimately left the S&P 500 down but the NASDAQ rallies.
It was another bad week for the mega-cap stocks, but some rotation into cyclical and value stocks did limit the index declines.
The selling from the prior week carried over to this shortened trading week with all the major markets taking a step back.
The market's August momentum bled into September to start the week, but profit-taking ultimately took the major indices sharply lower by week's end.
Financial stocks were among the week's biggest winners, benefiting from some curve-steepening activity after Fed Chair Powell outlined a shift towards an average inflation target.
The S&P 500 added 0.7% this week while the Nasdaq continued its show of strength, rallying 2.7%. The Dow underperformed, ending the week unchanged.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
A weekly recap of market activity and events, featuring commentary, analysis written with individual investors in mind.
A recap of market activity and events for the week ending July 17, 2020, featuring commentary, analysis written with individual investors in mind.
A recap of market activity and events for the week ending July 10, 2020, featuring commentary, analysis written with individual investors in mind.
A recap of market activity and events for the week ending July 2 2020, featuring commentary, analysis written with individual investors in mind.