Sep 7, 2024 | Weekly Cache
Last week, Dow Jones dropped 2.9%, S&P 500 lost 4.25% (worst weekly losses for both indices since March 2023), Nasdaq composite fell 5.8% (worst weekly loss since January 2022). Investors appear concerned the Fed may be behind the curve on a slowing economy, and...
Aug 31, 2024 | Weekly Cache
Despite a strong Friday, markets ended the week mixed. Dow Jones rose 0.9%, S&P 500 was up 0.2% and Nasdaq Composite fell 0.9% during the week. Nvidia, Apple, Microsoft have been in talks about participating in a financing that would value OpenAI at over US$100...
Aug 24, 2024 | Weekly Cache
Last week, Dow Jones rose 1.3%, S&P 500 gained 1.45%, and Nasdaq composite was up 1.4%. Federal Reserve Chairman Powell indicated interest rate cuts are imminent. The next catalyst for tech investors is Nvidia earnings next week. AMD is acquiring ZT Systems, which...
Aug 17, 2024 | Weekly Cache
Last week, Dow Jones was up 2.9%, S&P 500 rose 3.9% (its best weekly gain in 2024), and Nasdaq composite gained 5.3% — all strong gains from Aug. 5 lows. Investors are back lavishing millions onto megacaps as the high-flying tech stocks resume their climb,...
Aug 10, 2024 | Weekly Cache
After a brutal Monday, due to fears of the yen-carry-trade unwinding and an Nvidia AI chip delay, the market ended the week well above Monday’s lows. Dow Jones fell 0.6% last week, S&P 500 ended the week almost flat, and Nasdaq composite lost 0.2%. WeRide, a...
