The market experienced volatility as investors digested corporate earnings and monitored tensions between President Trump and Fed Chair Powell. Nasdaq and S&P 500 hit record highs, while the Dow struggled to recover from losses. Inflation data was mixed, with CPI meeting forecasts and PPI remaining unchanged. Crypto legislation discussions were key this week.

Bank earnings made headlines, with Citigroup and Wells Fargo moving in opposite directions, and Charles Schwab reaching a post-earnings record high. Netflix beat estimates but saw a stock decline, while PepsiCo surged on international sales. Coca-Cola is set to report next week.

Nvidia’s chip sales to China boosted tech stocks, including AMD and Broadcom, pushing Nasdaq to new highs. However, ASML’s 2026 growth warning dampened the semiconductor sector. Next week will feature more earnings reports, with notable VIX futures signals and discussions on SPX risk and recovery.

Read more at Nasdaq: S&P 500, Nasdaq Hit Records Amid Data-Heavy Week