Oct 12, 2024 | Weekly Cache
Last week, Nasdaq and S&P 500 both gained 1.1%, while Dow Jones gained 1.2% – the fifth straight weekly rise for all major indices. Cerebras Systems is likely to postpone its IPO. CoreWeave, an Nvidia-backed AI startup that rents out chips to other...
Oct 5, 2024 | Weekly Cache
Last week, Dow Jones rose 0.1% and hit a record close, S&P 500 rose 0.2%, and Nasdaq composite was up 0.1%. That said, 10-year Treasury yield spiked 23 basis points to 3.98%, for its biggest weekly gain in nearly a year, two-year yield, which is more closely tied...
Sep 28, 2024 | Weekly Cache
Cerebras Systems, is targeting raising US$750 million to US$1 billion in an IPO, potentially valuing the company between US$7 to US$8 billion. Fintech Chime has reportedly hired Morgan Stanley to lead its IPO. Cyberecurity startup Wiz is reportedly in share sale talks...
Sep 21, 2024 | Weekly Cache
Last week, following the Fed’s 50 bps rate cut, Dow Jones rose 1.6%, S&P 500 gained 1.4%, and Nasdaq Composite was up 1.5%. Chipmaker Qualcomm has been considering a full takeover of Intel. Intel’s shares have fallen 60% this year. WSJ notes that a deal...
Sep 14, 2024 | Weekly Cache
Markets had a dramatic revival mid-week, as result, Dow Jones closed the week up 2.6%, S&P 500 was up 4%, and Nasdaq Composite gained 5.95% — their best weekly gains of the year. Market participants are widely expecting a Fed rate cut next week, with some...
