From Nasdaq:

1. S&P 500 and Nasdaq 100 hit new record highs, climbing past 5,000-point level, exhibiting resilience of winter rally. Market capitalization of Magnificent Seven tech companies reaches $13 trillion, accounting for nearly half of U.S. economy and matching the combined GDP of Germany, Japan, and India.

2. Palantir Technologies rises over 40% while New York Community Bancorp plunges nearly 30%. Concerns arise over the bank’s commercial real estate portfolio.

3. Tesla’s standing among the Magnificent Seven is in jeopardy as its market cap falls, causing it to be replaced by Eli Lilly and Berkshire Hathaway. Decline in stock attributed to slowing electric vehicle demand.

4. If you invested $1,000 in Facebook at its IPO in 2012, that investment would have grown to $10,180 by February 2024. Meta Platforms continues to thrive despite controversies and challenges, showcasing strong financial performance.

5. Novo Nordisk’s weight-loss drugs Wegovy and Ozempic are impacting the food industry, leading to a shift towards healthier food options. This is influencing companies from Walmart to Chipotle Mexican Grill.

6. Billionaire Bill Ackman launched Pershing Square USA, a proposed fund on the NYSE aimed at retail investors, with no minimum investment requirement, making hedge fund investments more accessible.

7. Amazon’s Alexa, now in 100 million homes, is undergoing AI enhancements, leading to concerns over privacy implications. The deep integration of Alexa into daily life raises questions about convenience versus privacy, with Amazon aiming to make Alexa more conversational and personalized.



Read more: S&P 500 Hits 5,000, Magnificent 7 Tops $13 Trillion, Commercial Real Estate Cracks Emerge: The Week In The Markets