Nasdaq Exits Correction, Market Posts Best Week of the Year

US stock markets, particularly the technology-heavy Nasdaq index, officially exited correction territory to record the strongest weekly performance of the year. The indices were supported by investors' optimistic expectations regarding the Federal Reserve's interest rate policy and positive signals from corporate earnings. The rally, led by technology stocks, brought about a broad-based market surge. The Nasdaq recovered a significant portion of the losses from previous weeks, solidly establishing itself above technical correction levels on a sustained basis. Market participants increased hopes that the central bank could adopt a more dovish tone in future monetary policy due to the progress made in the fight against inflation. This expectation revived demand for risk assets. Weekly gains were further reinforced by strong corporate balance sheets from various sectors. Investors maintain their optimism regarding economic resilience and corporate profitability. Market indicators suggest short-term technical momentum is to the upside. However, key economic data to be released in the coming weeks and statements from central bank officials will continue to be decisive for market direction. This is not investment advice.