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Tech Titans Propel Market to New Heights as NVIDIA Hits $3 Trillion (Weekly Cheat Sheet)
June 10, 2024
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The bulls charged ahead this week, propelled by the unstoppable momentum of mega-cap tech stocks (+3.8%). While the broader market showed some cracks, the heavyweights flexed their muscles. The S&P 500 and Nasdaq Composite both notched fresh all-time highs, proving that in this market, size matters. Leading the pack was the Vanguard Mega Cap Growth ETF (MGK), surging 3.3%. Not to be outdone, the PHLX Semiconductor Index (SOX) powered 3.2% higher. The star of the show? NVIDIA (NVDA), which briefly eclipsed a mind-boggling $3 trillion market cap for the first time ever. That’s a whole lot of zeros. Riding the coattails of the tech ...
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