Market Review and Trends
Weekly Market Wrap | 1 April 2023
By Syfe  •  April 1, 2023
Topic #1: NASDAQ surged into a new bull market after 3 years NASDAQ price chart The Nasdaq 100 Index surged into a new bull market on Wednesday, reaching a level not seen in nearly three years. After erasing a third of its value in 2022, it saw gains of over 20% from its December 28 close. In contrast, the S&P 500 Index has risen by 4.9% this year, while the Dow Jones Industrial Average has declined by 1.3%. Why did it happen? Investors have been speculating that weaker economic data and the risk of a recession, exacerbated by recent bank stresses could prompt the Federal Reserve to halt interest rate hikes sooner than expected. As a result, technology stocks have outperformed the market this year, with investors using the sector as a safe-haven amidst declines in financials. What happened next? Central banks worldwide have moved to reassure investors that the financial situation is much better than during the 2008 financial crisis, with improved liquidity ratios....
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...
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