The bad news is that it was the worst week for the Nasdaq since April. The good news is that after the sharp correction in April, the market recovered quickly.
![Nasdaq weekly chart](https://images.forexlive.com/images/Nasdaq%20weekly%20chart_id_5fb7f72f-2f76-426c-bdaf-bc4a02f03f33_original.jpg)
Nasdaq weekly chart
Today's price action was influenced by $2.7 trillion in options expiring including $555 billion in single stocks. It was the largest-ever July month expiration and speaks to the incredible power of the options market at the moment.
Next week we will spin it up again and find some new memes.
- S&P 500 -0.7%
- Nasdaq Comp -0.8%
- DJIA -0.9%
- Russell 2000 -0.6%
- Toronto TSX Comp -0.1%
Have a great weekend.