S!ayer on Nostr: Tech is carrying the entire US market. There's about 12 companies that are carrying ...

Tech is carrying the entire US market. There's about 12 companies that are carrying the entire market up, something like 55% on top of S&P gains whilst everything else has only returned a mere 12%.

What that means is that tech companies(FAANG (swapped Netflix for Nvidia) is what is driving this market rally. At the core, inflation has crippled everything in the physical realm

quoting
nevent1q…6kr4

Here's your summary from Another Day of Record Highs | Closing Bell (https://www.youtube.com/watch?v=215qzt_o5JQ) on the Bloomberg Television channel:
### TLDR:
The video discusses record highs in the stock market, including the S&P 500 and NASDAQ, as well as updates on companies like Broadcom, Tesla, and Adobe.

### Key Points:
1. S&P 500 and NASDAQ hit record highs, while Dow Jones and Russell lag behind.
2. Companies like Broadcom, Tesla, and Adobe report positive earnings and performance.
3. Concerns raised about softness in customer demand for Adobe's products and competition from other services.
#finance #tradfi #markets #stocks #stockmarket #bloomberg #macro