Mar 23, 2024 | Weekly Cache
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...
Mar 16, 2024 | Weekly Cache
Markets remain at a crossroads. After seemingly poised to set new highs Tuesday, major indexes pulled back Friday. Dow Jones closed the week marginally down, S&P 500 lost 0.1%, Nasdaq composite lost 0.7%. Telegram is nearing profitability and is considering a IPO,...
Mar 9, 2024 | Weekly Cache
Last week, Dow Jones fell 0.9%, S&P 500 lost 0.3% and Nasdaq Composite was down 1.2%, after reversing from record highs on Friday. Astera Labs said it plans to raise up to US$534 million from its IPO as the eight-year-old server component startup looks to benefit...
Mar 2, 2024 | Weekly Cache
Last week, Dow Jones lost ~10 bps, S&P 500 rose 0.9%, and NASDAQ Composite gained 1.7% and hit a record high on Friday. Klarna is considering a US$20 billion IPO this year. eToro is getting interest about a public market listing. Investing platform Webull will go...
Feb 24, 2024 | Weekly Cache
Last week, Dow Jones rose 1.3%, S&P 500 gained 1.7%, as both indices reached new all-time highs. Nasdaq composite was up 1.4%, as it hit a fresh two-year high. The market value of Nvidia briefly touched US$2 trillion on Friday, two days after the chipmaker posted...
Feb 17, 2024 | Weekly Cache
Last week, markets held up reasonably well despite hot inflation reports. Dow Jones was down 0.1%, S&P 500 lost 0.4% and Nasdaq fell 1.3%. As indices remain near highs, Nvidia’s earnings report Wednesday will be crucial. The Company surpassed Amazon in market...
