Weekly Review (December 9-13)

STOCKS

Major stock indexes on Wall Street had a mixed close on Friday, ending a week marked by volatility. The S&P 500 was nearly unchanged, dipping slightly by less than 0.1%. It recorded a weekly loss, its first after three consecutive weeks of gains. The Dow Jones Industrial Average decreased by 0.2%, while the Nasdaq composite edged up 0.1%, just shy of the record high it reached earlier in the week. The index saw a brief jump above the 20,000 threshold for the first time. Tech stock gains helped offset declines in communication services and financials. However, certain tech stocks weighed on the market: Nvidia fell 2.2%, Meta Platforms dropped 1.7%, and Alphabet, Google's parent company, slid 1.1%. The November CPI was the final major data release before the Federal Reserve meeting, aligning with expectations and implying steady progress in lowering inflation. The Federal Reserve is set to meet this week, with expectations high for a third rate cut since September.