Nov 4, 2023 | Weekly Cache
Last week, Dow Jones was up 5.1%, its best week in a year. S&P 500 rose 5.85%, Nasdaq composite was up 6.6% — both had their best weeks since early November 2022. The Biden administration on Monday issued a far-reaching executive order, that requires Google,...
Oct 28, 2023 | Weekly Cache
Major indices fell to multi month lows last week. So far, earnings have been a negative catalyst for stocks, coupled with heightened geopolitical risk going into the weekend. Dow Jones fell 2.1%, S&P 500 lost 2.5%, and Nasdaq composite was down 2.6% during the...
Oct 21, 2023 | Weekly Cache
Last week was tough again for tech investors, as Treasury yields surged, and stocks exhibited poor reactions to earnings. Weakness was more pronounced in the second half of the week, Dow Jones fell 1.6%, S&P 500 was down 2.4%, and Nasdaq composite lost 3.2% during...
Oct 14, 2023 | Weekly Cache
Last week, Nasdaq fell 0.2% mostly due to Friday’s 1.2% fall, S&P 500 was up 0.45%, and Dow Jones rose 0.8%. Chinese ride-hailing app Didi Global, which delisted from New York last year, is planning to list its shares in Hong Kong next year, Bloomberg...
Oct 8, 2023 | Weekly Cache
U.S. VC investments fell 30% Q3 to US$32.7 billion, the sixth straight quarter investing has dropped from the year earlier period, and the lowest level since the second quarter of 2018. Intel plans to IPO programmable chip unit within three years. Anthropic is talking...
Sep 30, 2023 | Weekly Cache
While Nasdaq closed last week up fractionally higher, September was its worst month in the year, as the index was down nearly 6%. Dow Jones fell 1.2% and S&P 500 lost 0.4% last week. OpenAI is seeking a new valuation of between US$80 billion to US$90 billion,...
