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Wall Street's Rollercoaster Week Ends in Near Stalemate

A volatile week saw dramatic swings in U.S. stock markets, ultimately leaving indexes close to their starting points amid ongoing economic uncertainty.

  • The S&P 500 experienced its best single-day performance since 2022, rising 2.3% on Thursday.
  • Initial jobless claims data showed a modest improvement, easing recession fears temporarily.
  • Despite early-week turmoil, including a significant drop in tech stocks, markets stabilized by Friday.
  • The volatility index, VIX, spiked but ended the week lower than its starting point.
  • Upcoming economic reports on inflation and retail sales could trigger further market fluctuations.
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