this Nasdaq Composite Materials Last week was an extraordinary person. After Friday’s higher – perform better than S&P 500 and Dow Jones Industrial Averageboth closed in red – the technology-heavy index officially five consecutive days at the all-time closing highs.

Once a week, the Nasdaq Comprehensive Materials advanced by 2%, which also improved the S&P 500’s 1.6% growth, and the Dow Jones industrial average rose by 1%.

Given that the nickname of Nasdaq Composite is the “technologically heavy index” (favored by financial writers who have to come up with multiple ways of describing it), it is no surprise that technology companies are the leading engines.

But it’s more than just any technology. Openai seems to be Behind most of the gains in the market, it shows that the AI ​​narrative is still convincing to investors. Shares Oracle The surge last week was largely due to Transactions with AI companies;Companies related to it, e.g. Broadcom and Nvidiawhich has also risen their stock prices before.

With the U.S. Federal Reserve cutting tax rates, it will almost certainly happen this week – this is especially beneficial Cash burningdebt-debt like OpenAI, a technology startup that has not yet been realized – among the three major U.S. indexes, the smallest may continue to outperform its siblings in the near term.

Chinese electric car player fights traditional European automaker in their homes

Germany hosted one of the world’s largest auto shows last week, but in the heart of the European auto industry, it’s the buzzing Chinese electric car company that hopes to surpass some of the region’s biggest brands.

Europe has become the focus of Asian companies. In this market, traditional automakers lag behind in the development of electric vehicles, even if they strengthen the issuance of new cars. Meanwhile, Tesla, which has long been regarded as the leader in the electric vehicle market, has seen sales decline in the region.

– Arjun Kharpal