Headline: Wall Street Closes Higher After Whipsaw Session, But Weekly Losses Deepen
A roller‑coaster day on Wall Street ended with gains for the major U.S. stock indexes, even as risk-off sentiment dominated the broader week. A sharp early selloff pushed the S&P 500 and Nasdaq below their 100-day moving averages before buyers stepped in, fueling a strong intraday reversal.
Volatility was the story throughout the session. The Dow Jones Industrial Average swung roughly 800 points, while the S&P 500 and Nasdaq traced intraday ranges of 137 points (2.07%) and 627 points (2.28%), respectively. By the close, all three benchmarks were in the green: the Dow added 493.30 points (1.08%) to 46,245.56, the S&P 500 rose 64.20 points (0.98%) to 6,602.96, and the Nasdaq advanced 195.03 points (0.88%) to 22,273.08.
The late-session rebound couldn’t erase the week’s declines. The Dow fell 1.91%, the S&P 500 slipped 1.95%, and the Nasdaq dropped 2.74% for the week as investors rotated away from high-beta names. Despite a well-received earnings print, Nvidia slid 0.96% on the day and 5.92% for the week. Semiconductors and growth software were notable laggards, with AMD down 17.43%, Micron off 15.99%, and Oracle lower by 10.90% on the week. Crypto was not spared either, with Bitcoin logging a weekly decline of about 10%.
One clear outperformer emerged: Alphabet rallied 8.44% over the week, buoyed by enthusiasm around its latest AI updates. Still, the broader tone remained cautious, with market participants watching technical levels such as the 100-day moving average for cues on trend and momentum into the next trading stretch.
Key Points: – Major U.S. indexes reversed intraday losses to finish higher after dipping below 100-day moving averages. – Dow +1.08% to 46,245.56; S&P 500 +0.98% to 6,602.96; Nasdaq +0.88% to 22,273.08. – Weekly performance: Dow -1.91%, S&P 500 -1.95%, Nasdaq -2.74%. – Nvidia fell 5.92% on the week despite strong earnings; semis and growth tech led declines. – Notable weekly drops: AMD -17.43%, Micron -15.99%, Oracle -10.90%; Bitcoin down roughly 10%. – Alphabet was a bright spot, up 8.44% for the week on AI-related optimism.
