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- By michael@cvcteam.com
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Why are we celebrating? Because last week was bad, really bad, for the Nasdaq in particular, which suffered its worst weekly drop since March 20 when it fell 4.1%
On Monday, though, the Nasdaq Composite gained 1.9%, while the S&P 500 rose 1.3%, and the Dow Jones Industrial Average advanced 1.2%, or 327.69 points.
What was responsible for today’s rise? Chalk it up to renewed M&A activity. Nvidia (NVDA) bought ARM from Softbank for $40 billion;