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Current Market Observations

July 4, 2023 | Weekly Commentary

Markets closed the week higher headed into the holiday, with the Dow up 2.02%, the S&P up 2.35%, and the Nasdaq gaining 2.19% on the week. Year-to-date, both the Nasdaq and S&P are up significantly, led heavily by technology firms like Microsoft, Apple, Amazon, and the other usual suspects. Expect this week to be relatively light on volume as traders go on vacation for the Independence Day holiday.