Dear Readers,
Today, we witnessed a significant market rebound following a massive drop in the shares of Facebook parent Meta. However, the tech industry had better news to share, with Microsoft and Google parent Alphabet reporting quarterly results that investors found promising. Alphabet, for the first time in its history, announced a dividend along with a $70 billion buyback program, further boosting investor confidence. The S&P 500 index rose by just over 1%, while the tech-heavy Nasdaq Composite rose by twice as much. In addition to this, we have seen Exxon Mobil making strategic moves and Big Mining’s Deal Spree continuing.
Stay informed,
Daniel Silva
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