Weekly Newsletter

Stocks rallied on rising optimism that D.C. lawmakers will reach a deal to raise the U.S. debt ceiling, led by the tech-heavy Nasdaq, which closed at its highest level since August. For the full week, the Dow Jones index lost 1%, but the S&P 500 edged up 0.3% and the Nasdaq jumped 2.5% for a fifth straight week of gains. May 26th, 2023 The big mover this week was Nvidia, whose shares did ‘one of the greatest moonshots in the annals of capital market history’ by closing up almost 25% – equivalent to a market value of ~ $ 184 Billion – after it announced results for the quarter ended April 30th 2023. The Company said it expects gigantic expansion ahead as data centres switch to its products incorporating AI.