Jun 3, 2023 | Weekly Cache
Last week Dow Jones rose 2%, S&P 500 was up 1.8%, Nasdaq was up 2%, and the small-cap Russell rose 3.3%. Market leadership remains concentrated in the AI, semiconductors and software space. 5 trillion-dollar companies — including Nvidia, Apple, and Amazon — have...
May 27, 2023 | Weekly Cache
Last week, Dow Jones fell 1%, S&P 500 was up 0.3%, and Nasdaq composite rose 2.5%. In a single session, Nvidia’s market cap swelled by US$184 billion, only Apple, Amazon and Microsoft have ever posted higher dollar gains in a single day, each by an extra...
May 20, 2023 | Weekly Cache
Last week, Dow Jones was up 0.4%, S&P 500 was up 1.65%, Nasdaq rose 3%. More data confirmed last week’s data of falling private valuations: For the first time in more than a decade, returns for venture funds were negative for three consecutive quarters last year,...
May 13, 2023 | Weekly Cache
Markets looked a bit weaker by Friday’s close, as Dow Jones fell 1.1% last week, S&P 500 was down 0.3%, and Nasdaq composite was up 0.4%. The median valuation for growth-stage startups fell to US$90 million in the first quarter, a 75% drop from 2021,...
May 6, 2023 | Weekly Cache
After another busy earnings week, Nasdaq was up ~0.1%, as it re-approaches its 2023 highs, Dow Jones was down 1.2% and S&P fell 0.8%. SoftBank’s chip maker Arm Ltd has filed with regulators confidentially for a U.S. stock market listing, Arm said last Saturday,...
Apr 29, 2023 | Weekly Cache
After a rough Tuesday, and a week full of earnings releases, the markets closed the week up. Dow Jones rose 0.9%, so did S&P 500, Nasdaq was up 1.3%. Meta’s Q1 revenue increased 3% as ad business slowly recovers, sending the stock surging after hours. Roku...
