NFLX - Tech Rollercoaster Continues As Stocks Gain

Stocks had a positive, albeit volatile, week. Bullish comments from David Tepper caused some risk-taking on Monday, reversing the more cautious sentiment from the previous week. Concerns over inflation were relieved somewhat with a mostly benign consumer price index report that met economists’ estimates. The Dow Industrials Index (DJI) is leading major indices, with a gain of 3.4% for the week at the time of this writing (2 pm eastern time, two hours before the close of trading). The S&P 500 (SP500) is up 2% for the week with the Nasdaq (COMP) 2.7% higher even after a drop of 1% today. Cryptos rallied this week on the back of the intensifying NFT craze. Bitcoin (BTC) flirted with a new all-time-high and is up about 14% for the week. Winners & Losers There was broad-based buying among large caps, with only about a dozen S&P 500 stocks lower for the week.

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Tech Rollercoaster Continues As Stocks Gain