The S&P 500 has wrapped up its most lucrative week of 2024 on Friday, soaring 3.9% in five trading days. What Happened: The substantial rally effectively neutralized the major sell-off that occurred earlier this month, propelled by a series of promising data that hint at a gentle deceleration for the economy. On the final trading day of the week, both the S&P 500 and the Nasdaq saw a 0.2% rise, while the Dow Jones Industrial Average ascended by 97 points. According to the report by Business Insider, the 10-year yield descended by 3 basis points to 3.89%, marking a weekly decrease of 6 as inves…
