Nasdaq id 4989b975 4c7b 4d3e 9a34 f5b0f7a391e6 size900

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