There were non-stop flows into US stock markets on Friday, led by the Nasdaq:
- S&P 500 +1.3%
- Nasdaq Comp +2.2%
- DJIA +1.0%
- Russell 2000 +1.1%
- Toronto TSX Comp +0.8%
On the week:
- S&P 500 +0.3%
- Nasdaq Comp +2.4%
- Russell 2000 flat
- Toronto TSX Comp -2.1%
Broadcom was a big winner on Friday, gaining 11% with Qualcom and Intel making some headway as the chip rally broadens out.
This is the fifth week in a row of gains for the Nasdaq and it’s very much looking like the double bottom in Oct/Dec was the low.
Nasdaq Comp weeky