The stock market had quite a busy time with a flurry of earnings, economic updates, and central bank news. Despite the turbulence, the market managed to maintain its winning streak, leaving participants in awe of the US economy’s resilience.

The stock market had quite an eventful week, with ups and downs. While the major indices managed to log another winning week overall, it wasn’t without its share of challenges and uncertainties. The Dow Jones Industrial Average was undoubtedly the star performer, showcasing an impressive ten-day winning streak. This incredible run was largely propelled by standout performances from renowned companies like Johnson & Johnson (JNJ), IBM (IBM), and Travelers (TRV) following their earnings reports.

The stock market had a pretty good week, as positive sentiment and a bullish bias dominated trading. While trading volume at the New York Stock Exchange (NYSE) was on the lighter side throughout the week, the Nasdaq saw heavier-than-average volume on most days. Regardless of the volume totals, the overall trend was unmistakable: the stock market traded with a strong bullish bias.

This week in the stock market had its share of ups and downs. It kicked off on a slow note as many participants extended their Fourth of July break into a four-day weekend. However, after the holiday break, market participants found some catalysts that prompted them to take some profits off the table after the strong start to the year for stocks.

What a week it was. It was a win for everyone. All 11 S&P 500 sectors were up, major indices were up, and even value stocks and growth stocks made gains.

And guess what? No surprise here, mega-cap stocks also finished higher. The Vanguard Mega-Cap Growth ETF (MGK) was up 2.0% for the week. But the real showstopper was the Invesco S&P 500 Equal-Weight ETF (RSP), which outperformed the mega-cap ETF and gained a solid 3.4% with broad-based buying interest.

This past week of trading, which was shortened due to the holiday, saw the S&P 500 and Nasdaq break their winning streaks of five and eight weeks, respectively. As we entered the week, there was a growing sense among investors that a market pullback was due. So, it wasn’t surprising to see losses driven by normal profit-taking activity following a strong run.

Last week was another bullish one for the stock market, as the major indices continued their upward trend. The S&P 500 had its fifth consecutive winning week, closing above 4,400, while the Nasdaq extended its winning streak to eight weeks. Investors were feeling optimistic, especially after Goldman Sachs raised its year-end price target for the S&P 500 to 4,500 from 4,000.

The winning streak continued for both the S&P 500 and Nasdaq, with the S&P marking its fourth straight week of gains and the Nasdaq enjoying its seventh week in a row. It seems like everyone wanted to get in on the action as investors shifted their focus away from mega-cap stocks and explored other parts of the market. The Invesco S&P 500 Equal Weight ETF (RSP) was up 1.0% for the week, while the Vanguard Mega Cap Growth ETF (MGK) didn’t fare as well, closing down 0.2%. Some of those mega-caps saw some profit-taking and concerns over their valuations, but Tesla (TSLA) managed to be the exception to the rule. It had a stellar week, surging 14.2% thanks in part to a charging network deal with General Motors (GM). And hey, Apple (AAPL) stayed flat after unveiling its fancy Vision Pro mixed reality headset at its Worldwide Developers Conference.

The stock market had a strong showing overall on this holiday-shortened week. The S&P 500, which flirted with 4,100 last week, approached 4,300 during Friday’s trade, reaching 4,290 at its high of the day. Uncertainty about the debt ceiling, which had loomed over the market for weeks, finally eased after a deal was passed by both chambers of Congress. The bill now heads to President Biden for signing.

The stock market had an interesting week with its fair share of ups and downs. The S&P 500 bounced between 4,100 and just above 4,200, reaching its highest level since last August.