Markets delivered another strong week though weekend developments quickly tempered optimism. The S&P 500 and Nasdaq rallied 4.55% and 6.84% respectively, with both benchmarks reaching fresh record highs, while the Dow advanced 3.19% for its third consecutive weekly gain and the Russell 2000 added 5.57%.

U.S. equities extended their rebound last week as the S&P 500 rose 3.6%, the Nasdaq gained 4.7%, the Dow advanced 3.0%, and the Russell 2000 added 4.0%.

Markets managed to snap a painful five-week losing streak this past week, helped by cautious optimism that the U.S.-Iran war may eventually move toward some form of de-escalation, even if the outlook remains highly uncertain.

U.S. equity markets extended their recent drawdown last week as geopolitical risk and inflation concerns continued to weigh on sentiment. The S&P 500 fell roughly 2%, the Dow declined just under 1%, and the Nasdaq Composite dropped more than 3%, officially pushing the technology heavy index into correction territory.

U.S. equities extended their recent weakness last week, with all three major indices posting a fourth consecutive weekly decline amid heightened geopolitical tensions and renewed inflation concerns.