Nov 9, 2024 | Weekly Cache
Last week, Dow Jones rose 4.6%, S&P 500 gained 4.7%, and Nasdaq composite leaped 5.7% — all hitting record highs. Palantir climbed 13% on accelerating growth, and a higher revenue projection on Monday, as the company raised its full-year 2024 guidance for the...
Nov 2, 2024 | Weekly Cache
After mixed Q3 results from big tech, going into the US election, with 10 year yields at their highest in four months — Dow Jones ended the week down 0.15%, S&P 500 lost 1.4%, and Nasdaq was down 1.5% after hitting a record high Thursday morning. Investors...
Oct 26, 2024 | Weekly Cache
Last week, Dow Jones fell 2.7%, S&P 500 was down ~ 1%, Nasdaq rose 0.2%, and hit a record high Friday, 10-year Treasury yield rose 16 bps to 4.23%. In the near term, aside from the US Presidential election, investors will get a first read on Q3 GDP, October jobs,...
Oct 19, 2024 | Weekly Cache
Last week, major indexes rose for the sixth straight week. Dow Jones rose, ~1% and a hit a record high Friday, S&P 500 was up 0.85%, and hit a record close Friday, Nasdaq composite rose 0.8%. Chinese robotaxi firm, Pony AI filed for a US IPO. Zuora, which sells...
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...
