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April 28, 2024: Mega Cap Earnings Advance Markets

April 28, 2024: Mega Cap Earnings Advance Markets

Last week, the stock market rebounded strongly due to mega-cap earnings even amid an alarming inflation report — Dow Jones rose 0.7%, S&P 500 gained 2.7%, Nasdaq advanced 4.2%. Rubrik rose 16% in its trading debut after the cloud and data security startup...
April 14, 2024: Mixed Week Ends On Bearish Note

April 14, 2024: Mixed Week Ends On Bearish Note

NASDAQ hit a record close Thursday, then fell 1.6% Friday, ending the week down 0.45%. During the week, S&P 500 lost 1.55%, Dow Jones was down 2.4%. The CBOE Volatility index rose to 17.31 Friday, with a its 19.20 session peak, the highest since last fall. Ibotta...
April 07, 2024: Q2 Off To A Choppy Start

April 07, 2024: Q2 Off To A Choppy Start

Markets closed the week rebounding from intra week loses. For the week, Dow Jones lost 2.3%, S&P 500 fell 0.95%, Nasdaq composite declined 0.8%. Rubrik files to go public as tech companies see a thawing of IPO market. Chipmaker Cerebras Systems is targeting a...
March 31, 2024: Great Quarter, Guys!

March 31, 2024: Great Quarter, Guys!

Thursday was the last trading day in Q1, which saw S&P 500 up 10.2%, its best Q1 since 2019. Dow Jones gained 5.7%, its strongest Q1 since 2021. Nasdaq was up 9.2%. For the week, S&P 500 was up 0.4%, setting an intraday all-time high Thursday. Dow Jones...
March 24, 2024: Dovish Fed, AI prospects, And IPO Pops!

March 24, 2024: Dovish Fed, AI prospects, And IPO Pops!

The market had another strong week, buoyed by a dovish Fed, bullish AI prospects and a couple positive IPO debuts. Major indexes performed well, hitting record highs, and then backing off Thursday’s intraday highs. For the week, Dow Jones was up 2%, S&P 500...