Formerly Facebook, Meta Platforms (NASDAQ: META) is ‘The Social Network’, with more than 3 billion active users across its three platforms of Facebook.com, WhatsApp and Instagram. It generates most of its revenue from targeted advertising on its platforms. It also owns virtual reality headset company Oculus.
Here’s the market update for both the US and Australian share markets by David Bassanese of Betashares. Both the S&P 500 (INDEXSP: .INX) and the S&P/ASX 200 (INDEXASX: XJO) are on a new record high.
Here’s today’s The Match Out report from Market Matters’ James Gerrish. Key point: the S&P/ASX 200 (INDEXASX: XJO) finished up +1.47% to 7,699.40.
The S&P/ASX 200 (INDEXASX: XJO) Index could not hold on to yesterday’s record close, dropping 92.5 points, or 1.2 per cent, to 7,588.2 points, with all 11 industry sub-indices losing ground.
From the ASX to the NASDAQ and eveything in between. Rask’s senior analyst Kevin Fung and Chief Investment Officer Owen Rask dive into the biggest and best performers of 2023.
According to CNBC, the ‘Magnificent 7’ as they are now known (replacing previous nicknames such as FAANG and FANGMA) have returned 92% on average through October 5, 2023. With the third quarter earnings season unfolding, investor expectations are high and the results will need to be strong to sustain such a rally.
The benchmark S&P/ASX 200 (INDEXASX: XJO) closed 2.6 points lower, at 6,854, losing early gains. The broader All Ordinaries (INDEXASX: XAO) index, however, managed a 0.7-point gain, to 7,046.
The iShares S&P 500 ETF (ASX:IVV) could be the best way to passively invest in the stock market, in my eyes.
There’s a lot of uncertainty in the market at the moment. I’d look to quality exchange-traded funds (ETFs) that could deliver returns.
Are you on the hunt for the best stocks to invest in for Artificial Intelligence? Like NVIDIA Inc (NASDAQ: NVDA)? Or Tesla (NASDAQ: TLSA)? Or looking for some technology ETFs for AI exposure?
Here you go: A $50,000 per year passive income special report
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