CNBC May 26, 2023
– The Nasdaq closed out its fifth straight weekly gain and is solidly outperforming other U.S. indexes for the year.
– Nvidia drove this week’s rally, surging 25% to a record on better-than-expected earnings.
– “Being concentrated in these mega-cap tech stocks has been where to be in this market,” said Victoria Greene, chief investment officer at G Squared Private Wealth.
Forget about the debt ceiling. Tech investors are in buy mode.
The Nasdaq Composite closed out its fifth-straight weekly gain on Friday, jumping 2.5% in the past five days, and is now up 24% this year, far outpacing the other major U.S. indexes. The S&P 500 is up 9.5% for the year and the Dow Jones Industrial...