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June 02, 2024: Roller Coaster Tech Week

June 02, 2024: Roller Coaster Tech Week

While Nasdaq topped 17,000 for the first time, earnings losers hit tech names hard. Nasdaq was down 1.1% for the week, despite a strong bounce into the close. S&P 500 lost 0.5%, and Dow Jones fell 1%. Cloud computing startup CoreWeave is preparing for a 2025 IPO....
May 19, 2024: Intraweek Record Highs for Indices

May 19, 2024: Intraweek Record Highs for Indices

Last week, Dow Jones, S&P 500 and Nasdaq all hit record highs. Dow Jones rose 1.2% during the week, S&P 500 gained 1.5%, and Nasdaq composite was up 2.1%. CoreWeave, an upstart cloud provider that rents out servers with Nvidia’s artificial intelligence chips,...
May 12, 2024: Major Indices Advance, Lots Of M&A

May 12, 2024: Major Indices Advance, Lots Of M&A

Major indices resumed their move towards record or 52-week highs last week — Dow Jones gained 2.2%, S&P 500 rose 1.85%, and the Nasdaq composite was up 1.1%. Chinese EV maker Zeekr priced its US IPO at top of range to raise US$441 million, the stock popped...