Jul 29, 2023 | Weekly Cache
After a big tech earnings week, with Apple and Amazon to report in the coming week: Nasdaq was up 2%, S&P 500 climbed 1%, and Dow Jones snapped a 13-day win streak on Thursday, but still managed to close the week up 0.7%. Alphabet added US$111 billion in market...
Jul 22, 2023 | Weekly Cache
Last week, Dow Jones rose 2.1% and is on a 10-day win streak, the longest in six years. S&P 500 rose 0.8%, while Nasdaq lost 0.6%, largely due to Thursday’s 2.05% fall. Next week, we expect earnings from Microsoft, Alphabet, and Meta, at the same time, the...
Jul 15, 2023 | Weekly Cache
Last week, Dow Jones rose 2.3%, and hit a 2023 high, just below its 52 week high, S&P 500 rose 2.4%, and Nasdaq composite was up, both setting fresh 52 week highs. It was the Nasdaq’s best weekly gain since the end of March. At the same time, according to...
Jul 8, 2023 | Weekly Cache
Last week, Dow Jones fell 2%, S&P 500 lost 1.2%, and Nasdaq composite gave up 0.9%, but held its 10-day moving average. Bitcoin has staged a comeback, rallying 25% since BlackRock filed for its crypto fund. Banks holding debt from Elon Musk’s Twitter buyout might...
Jul 1, 2023 | Weekly Cache
As H1 2023 came to an end this Friday, S&P 500 index hit a 14-month high, Dow Jones and Nasdaq are back near 2023 highs. Apple is at a US$3 trillion market cap, for the first time. CNBC highlighted that tech stocks closed out best first half in 40 years. Even more...
Jun 24, 2023 | Weekly Cache
The markets last week took a breather from multi week rallies, as we pointed out the NASDAQ looked a bit stretched last week. Dow Jones fell 1.7%, and S&P 500 and Nasdaq fell 1.4%. Tiger Global raised US$2.7 billion for its latest private tech fund, 55% less than...
