This week was buzzing with tech news, from Italy's antitrust authority taking on Meta Platforms, Inc. to Samsung Electronics Co., Ltd. gearing up to launch its first in-house mobile GPU.
A look at the performance of the S&P 500, the Nasdaq Composite, and gold, silver, and platinum since the current bull market for stocks began on 10/12/22.
Gold markets have rallied again during the previous week, as we have broken above the $4500 level. I think this is a situation where anytime you get the opportunity for a short-term pullback to take advantage of, you simply must do so.
Rocket Lab, Micron, Sandisk, and CoreWeave led last week's large-cap rally—alongside Lumentum, Venture Global, Astera Labs, BioMarin, Ciena, and Karman—on a mix of launch milestones, analyst upgrades, and AI/semiconductor momentum.
Last week's big large-cap laggards were led by Brown-Forman, Carvana, and Stellantis, with Starbucks, Samsara, Ryan Specialty, PepsiCo, Texas Pacific Land, On Holding, and General Mills also sliding on analyst actions, labor unrest, and regulatory concerns.
The announcement will freeze the development of five major projects along the U.S. East Coast, representing nearly 6 GW of energy, that were set to enter commercial operation over the next 2 years.
