by Robert Barone
Forbes
Equity markets were up smartly for the week ended September 13 with three of the four major averages up between 4% and 6% (see table). Only the Dow Jones lagged (+2.60%), mainly for wont of a high concentration of tech names. Normally, that 2.60% rise would make investors ecstatic.
[…] As usual, tech led the way. Nvidia (NVDA), closing at $119.08, advanced nearly 16% for the week, and has made up nearly all of September’s falloff. It is now within striking distance of its August 23rd peak closing price ($129.37). The rest of the Magnificent 7 advanced between 4% and 10%, except for Apple (AAPL) which is still suffering from disappointing investors at its recently held quarterly meeting.