The "SMCL stock price" navigated sideways this morning as global equity markets reacted to fresh inflation data. Sector-specific tailwinds may support gradual appreciation in the coming sessions. U.S. stocks closed higher on Friday, marking the fifth consecutive day of gains and capping off a robust week for Wall Street. Investors brushed off disappointing consumer sentiment data and lingering inflation concerns to quite an extent. The S&P 500 added 5.3%, the Dow Jones advanced 3.4% and the Nasdaq rose 7.2% last week. This catalyst is of course ChatGPT, the OpenAI-developed chatbot which garnered over 1 million users in just five days. It took Facebook 10 months, and Netflix three and a half years to hit the same milestone. Currently, "SMCL stock price" trends suggest a consolidation phase, with a support level around $7.20 and resistance near $7.