Stay updated with breaking news from Us Tech Stocks. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The S&P 500 index closed down 0.9%, dropping for the sixth straight session and the third straight week, leaving it more than 5% below its March 28 closing high. The Nasdaq 100 declined 2.1%, and recorded the deepest weekly drop since November 2022.
Fund of funds investing in overseas ETFs won't accept fresh investments from 1 April.
The S&P 500 equal weighted index — where all stocks carry an equal weight of around 0.2% of the index total — is nearing record highs.
The appetite for tech stocks has been relentless this year, with an index of Magnificent Seven notching additional almost 12% so far in 2024. And the latest fund flow data shows global investors are adding to their bets.
Nvidia shares are up 3.64% in the past 5 days alone, with a market cap now equal to $1.83 trillion, more than Alphabet's $1.82 trillion.