The Nasdaq Composite soared to a new record high, showcasing the resilience of tech stocks amidst a backdrop of market fluctuation. Meanwhile, the S&P 500 and the Dow Jones Industrial Average faced declines, marking an end to their impressive six-week winning streak. In Europe, the Stoxx 600 index experienced a slight drop of 0.03%, concluding …
The Nasdaq Composite soared to a new record high, showcasing the resilience of tech stocks amidst a backdrop of market fluctuation. Meanwhile, the S&P 500 and the Dow Jones Industrial Average faced declines, marking an end to their impressive six-week winning streak. In Europe, the Stoxx 600 index experienced a slight drop of 0.03%, concluding the week with a cumulative loss of 1%.
Earnings reports from Europe have been mixed and, in some cases, disappointing, creating uncertainty for investors. In contrast, Tesla shares made headlines by surging 3.4% on Friday, following a dramatic 22% leap just the day before. This remarkable two-day performance allowed Tesla to recover all its losses for the year, positioning its stock 8.4% higher as it heads into 2024. However, it still lags behind the Nasdaq’s impressive 23% growth over the same period.
In another noteworthy development, Waymo, the self-driving vehicle subsidiary of Alphabet, successfully raised an astounding $5.6 billion in its latest funding round. This influx of capital is earmarked for expanding the Waymo Driver robotaxi service into both existing markets and new territories. With this recent investment round, Waymo’s total funding has surpassed an impressive $11 billion, underscoring the growing interest in autonomous vehicle technology.
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