Rashid Burashid’s Post

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Director - Treasury Investments

Equities continued to performed well as the first half of the year comes to a close. The S&P 500 gained +15.07%, the Nasdaq 100 gained +18.97%, and the Dow Jones Industrials inched up +3.72%. The majority of those gains came from the Technology sector (NVDA +159%, AVGO +54.91%, MU +60.32%), and the communications sector (META +44.07%, GOOG +32.97%).

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The impressive performance of equities in the first half of the year, particularly in the technology and communications sectors, highlights the robust growth potential in these areas. The substantial gains seen in companies like NVDA, AVGO, and META underscore the ongoing innovation and investor confidence in these industries. It’s fascinating to see how technological advancements continue to drive market trends and overall economic growth. Looking forward to seeing how these trends evolve in the second half of the year!

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