Jun 4, 2022 | Weekly Cache
The market had another down day Friday, as the NASDAQ closed the week down about 1%, after a bit of a reprieve the previous week. Meanwhile, bearish headlines continue to pile up. Fidelity cut Stripe and Reddit valuations amid the tech stock downturn. Forbes and...
May 28, 2022 | Weekly Cache
The Dow Jones Industrial Average jumped 6.2% in last week’s stock market trading. The S&P 500 index leapt 6.6%. The Nasdaq composite popped 6.8%. The small-cap Russell 2000 ran up 6.55% – a refreshing change after weeks of declines. Sand Hill Road’s...
May 21, 2022 | Weekly Cache
Some stats from Morning Brew put recent stock market volatility into perspective. The Dow posted its eighth straight weekly loss, which is its longest weekly losing streak since 1923. The S&P has lost ground for seven straight weeks, its longest losing streak...
May 14, 2022 | Weekly Cache
Other than a likely short covering rally on Friday, the pain in growth stocks continued through last week. As Shopify’s (SHOP-NYSE, SHOP-TSX) stock price continued to slide, the company’s senior executives are putting on a public display and promising to personally...
May 7, 2022 | Weekly Cache
Shopify’s shares plunged on Thursday after the e-commerce company announced plans to make a big fulfillment acquisition even as its revenue growth slows dramatically. Neo Financial has become Canada’s latest unicorn tech company after securing a $185 million Series C...
Apr 30, 2022 | Weekly Cache
Last week, capped off yet another tough month in the markets. Selling accelerated into the end of the week. According to Morning Brew, the US stock market just had its worst month since March 2020 as the S&P dropped 8.8%, the Dow 4.9%, and the Nasdaq, 13.3%—which...
