Investors will closely watch for China's loan prime rates decision, after the country cut some of its key lending rates last week.
A strong week — even with Friday's weak finish
The three major averages hit notable milestones with last week's wins, even though Friday ended on a down beat. While the Dow Jones Industrial Average, the S&P 500 and the Nasdaq Composite ended Friday's session in the red, the three indexes were up for the week. The S&P 500 leapt 2.6% for the week, its strongest weekly performance since March and the fifth positive week in a row — a first since it ended a streak of the same length in November 2021. The tech-heavy Nasdaq gained 3.25% on the week, its best since March and the eighth positive week in a row for the first time since it ended a 10-week streak in March 2019.The Dow also cruised to a modest weekly win, adding 1.25% and notching its third positive week in a row since April of this year.
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