Asian Shares Gain as Falling Oil Prices Ease Market Concerns Asian shares moved higher as falling oil prices provided some relief to investors concerned about inflation, energy supplies and geopolitical risk. The decline in crude prices followed renewed diplomatic efforts involving Iran and Oman over the possibility of restoring shipping through the Strait of Hormuz. The waterway is one of the world’s most important energy...
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A New Chapter for Tech Markets The Nasdaq Composite recently surged to record highs, powered by investor enthusiasm around artificial intelligence (AI) innovation. Tech giants like Nvidia, Microsoft, and Alphabet are driving the momentum, with AI viewed as a long-term catalyst for profitability and disruption. This milestone reflects not only the resilience of U.S. tech stocks but also the market’s shift toward AI-led growth...
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By the second half of 2024, The Magnificent 7, comprising tech stocks market cap accounted for more than a third of the S&P 500 total market capitalization. In other words, just seven stocks, Apple, Microsoft, Amazon, Alphabet (Google), Tesla, Nvidia and Meta Platform, had a market capitalization of $16 trillion of the S&P 500 total $46 trillion market capitalization. So, Magnificent 7 stocks are worth four times more than...
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