Future101 @Future101: "💰 𝐖𝐞𝐞𝐤𝐥𝐲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 💰 Week Ending..."

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Edited

💰 𝐖𝐞𝐞𝐤𝐥𝐲 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 💰 Week Ending 4/26/2024 𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐞𝐝? - The $SPX500 (SPX500 Index (Non Expiry)) rose this week, its first weekly gain in a month, as the technology and consumer discretionary sectors helped lead a broad rebound amid better-than-expected earnings. This week's climb came as many companies including Google parent Alphabet $GOOG (Alphabet) quarterly results above analysts' expectations. Among the 164 S&P 500 components that released quarterly reports this week, nearly 81% had better-than-expected earnings while 57% had better-than-expected revenue, according to Bloomberg data. - All of the S&P 500's sectors rose this week, led by technology, which jumped 5.1%, and consumer discretionary, which climbed 3.5%. Other strong gainers included communication services, up 2.7%, and industrials, up 1.8% . Alphabet's shares led the gainers in communication services, rising 12% after the parent company of Google announced a $70 billion stock buyback program in addition to reporting better-than-expected Q1 results. Gainers in the technology sector included shares of Tyler Technologies TYL which increased 14% over the week after the public sector software and technology services provider reported better-than-expected Q1 results and projected full-year earnings above average analyst projections. 𝐖𝐡𝐚𝐭 𝐡𝐚𝐩𝐩𝐞𝐧𝐬 𝐧𝐞𝐱𝐭? - Next week, the market will see earnings reports from more heavyweight companies including Amazon.com $AMZN (Amazon.com Inc) , Coca-Cola (KO), Advanced Micro Devices $AMD (Advanced Micro Devices Inc) McDonald's (MCD), Mastercard (MA), Qualcomm (QCOM0, Pfizer (PFE), Apple $AAPL (Apple) and Berkshire Hathaway (BRK.A, BRK.B). - We will focus on April jobs numbers with monthly nonfarm payrolls and unemployment rates will be release on Friday. Other data expected next week include April consumer confidence, March construction spending and April auto sales. Weekly Performance: @Future101- (+2.60%) $SPX500 (SPX500 Index (Non Expiry)) - (+2.70%) $NSDQ100 (NASDAQ100 Index (Non Expiry)) - (+3.91%) - To all those who have recently copied me, I would like to say thank you and welcome. Having said that, I would want to thank you sincerely for your ongoing support. Maintaining composure and patience is essential. Cheers to everyone's weekend. - Disclaimer: This is just an opinion and is not a financial advice.