U.S. stocks staged another rally last week, thanks to blowout earnings by Nvidia, which reinforced the buy-in-the-dips investor mentality. But investor enthusiasm for stocks spread beyond techs, this time to other domestic sectors and overseas markets.
The S&P 500 ended the week at 5,088.80, up 1.70%; the Dow Jones at 39,131.99, up 1.30%; and the tech-heavy Nasdaq at 15,996.82, up 1.40%. That's another reversal from the previous week when major equity averages headed south on stagflation concerns.
