Market Report Nov 08 2023

On Tuesday, mega-cap stocks demonstrated robust performance, mirroring the prior days market activity, and were pivotal in driving the major indices to conclude the trading session in positive territory.

The S&P 500 reached a peak not seen in the past three weeks, while the Dow Jones Industrials and the Nasdaq 100 index both hit highs that have not been recorded in one and a half months.

Additionally, the broader market received a significant lift from the growth stock sector. The substantial surge primarily influenced this in the value of cloud applications DDOG, which gained 28.5% to close at $102.20 following what seems on the face of it, an impressive earnings report. We hold this position.

Javid Shaik

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