The S&P 500 Index, as closely followed by the SPDR S&P 500 ETF Trust (NYSE:SPY), ended 2.2% up for the week to 4,513 points, hovering near a crucial technical level. Large-cap tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:QQQ), were up 2% for the week. S&P 500 approaching critical level next week Every of the eleven S&P 500’s sectors posted a positive weekly performance. Real Estate Select Sector SPDR Fund (NYSE:XLRE) and the Materials Select Sector SPDR Fund (NYSE:XLB), up 4.5% and 3.6% respectively, were among the best performers. Long-term Treasuries, as monitored through the popular iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT), rose 2.3% this week, marking their fourth consecutive week of positive performance as yields decline. Hot tip 1: Does Thanksgiving
Last week, the S&P 500, Dow Jones and Nasdaq had their best gains of 2023. But the Ark Innovation ETF had its best week ever, up 18.6%. Cathie Wood's Ark Innovation ETF (ARKK) typically outpaces the overall market to the upside and downside. Last week, the S&P 500, Dow Jones and $Nasdaq(NDAQ)$ had their best gains of 2023. But the Ark Innovation ETF had its best week ever, up 18.6%. Credit massive moves among key components. $Verve Therapeutics(VERV)$ (VERV), exploded for a 76% weekly gain on an expanded $Eli Lilly(LLY)$ (LLY) partnership. VERV stock is a relatively small ARKK hold. Roku stock, now the No. 1 holding in ARKK, vaulted 50.4% last week, thanks to robust Roku (ROKU) earnings results. Coinbase (COIN), Square-parent $Block(SQ)$ (SQ), DraftKings (DKNG), Crispr Therapeut
Cathie Wood's ARK Innovation Just Had Its Best Week Ever, These Huge Winners
Last week, the S&P 500, Dow Jones and Nasdaq had their best gains of 2023. But the Ark Innovation ETF had its best week ever, up 18.6%.Cathie Wood's Ark Innovation ETF (ARKK) has a history of consistently outperforming the broader market, regardless of whether the market is trending upward or downward. In the previous week, major indices like the S&P 500, Dow Jones, and Nasdaq (NDAQ) experienced their most significant gains of the year in 2023. However, the Ark Innovation ETF delivered its most remarkable performance ever, with an impressive increase of 18.6%.This extraordinary performance can be attributed to substantial movements in some of its key holdings. For instance, Verve Therapeutics (VERV) saw a substantial weekly gain of 76% due to an expanded partnership with Eli
Big-tech’s earning week doesn’t seem nice to investors, though their earnings mostly beats, inline with strong Q3 US GDP. The positive news has been overshadowed by uncertainty, particularly with concerns that the economy may worsen in the first half of next year due to a high-interest-rate environment, led by high-yield US bonds. As of close of trading on October 26th, big-techs plunged a lot during past five trading days.
BIG TECH WEEKLY | Big Techs Plunged Despite Strong Earnings, Time To Buy?
Big-Tech’s PerformanceBig-tech’s earning week doesn’t seem nice to investors, though their earnings mostly beats, inline with strong Q3 US GDP.The positive news has been overshadowed by uncertainty, particularly with concerns that the economy may worsen in the first half of next year due to a high-interest-rate environment, led by high-yield US bonds. As of close of trading on October 26th, big-techs plunged a lot during past five trading days. The smallest decline was seen in $Microsoft(MSFT)$ , which had a gain after its financial report, with a drop of 1.04%, followed by $NVIDIA Corp(NVDA)$ which did not release its financial report, with a decline of 4.22%, and $