5 Stocks That Led the SPY ETF to Log Its Best Week in 2024

Wall Street surged last week marking strong weekly gains as market watchers raised its expectations for a significant interest rate cut by the Federal Reserve. Last week was the best week of the year for the S&P 500 and the Nasdaq. For the week, the Nasdaq rose more than 5%. U.S. semiconductor stocks logged a rally last week.The S&P 500 gained 4%, and the Dow increased by 2%. These gains came amid a volatile market, but the rapid recovery coincided with intensifying debate over interest rate policy. Interes ...