TECH - 4 Top-Performing ETF Areas of Last Week | Benzinga
Wall Street was moderately upbeat last week, with the S&P 500, the Dow Jones and the Russell 2000 adding about 0.6%, 1.5% and 0.8%, respectively, and the Nasdaq Composite remaining flat. The benchmark U.S. treasury yield was 4.25% on Jun 21, 2024 versus 4.20% recorded at the start of the week.
Last week, in a historic milestone, NVIDIA (NASDAQ: NVDA) rallied further to become the world's most valuable company, topping Microsoft (NASDAQ: MSFT). The artificial intelligence chipmaker topped $3.33 trillion in market value on Jun 18 compared with the software giant's $3.31 trillion market cap.
However, NVIDIA's ascent was short-lived and profit booking dragged down the company by the end of the week. NVIDIA was down 2.5% last week.
Meanwhile, U.S. retail sales that released last week were weaker than expected in May. Sales rose just 0.1% sequentially, one-tenth ...