00:00Hey, everyone. I'm Dan Leach.
00:01This is Benzinga's Weekly Market Update.
00:03In just minutes, we'll cover all the major indices, S&P 500, Nasdaq,
00:07and the Dow Jones all performed, spotlight the top stock movers,
00:11and dig into the sectors making waves.
00:13We'll also look to break down key economic data,
00:15and how to check up stocks, bonds, and currencies.
00:18Plus, we'll hit the week's biggest headlines
00:20from Benzinga.com, driving all the market action.
00:23Let's dive right in.
00:25NVIDIA rallied more than 5% in the last five trading sessions,
00:31bringing the tech giant back above $3 trillion in market cap.
00:35Now, Apple, Microsoft, and NVIDIA are the only three American companies
00:40valued at $3 trillion or more.
00:42Rate-sensitive sectors like clean energy stocks and regional banks
00:45moved lower in the past week, despite the Fed's decision to cut rates.
00:48Biotech also lagged, drawing down nearly 5% in the last few trading days.
00:54Mega cap tech helped keep the market near its highs,
00:57with the QQQs hitting a new monthly high Tuesday.
01:00Not a lot of economic data this week.
01:02PCE is on the way either Thursday or Friday,
01:05which should give us more insights into where we are
01:07in our fight against inflation.
01:09The top stories on Benzinga.com include
01:12how the S&P 500 hit all-time highs,
01:14the Nasdaq 100 topped 20K out of key economic data,
01:17and what's driving the markets on Wednesday.
01:20Also, how the Fed's favorite inflation data Friday
01:23could really sway November interest rate cut-ons.
01:25And Moody's sounded the alarm on widening deficits,
01:29diverging credit risks, and what Donald Trump and Kamala Harris
01:32can't ignore as the election nears.
01:35Thanks so much for joining me for Benzinga's Weekly Market Update.
01:37I'm Dan Leach.
01:38To learn more, please check out Benzinga.com.
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