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Last week, the Nasdaq did better than other indices. Nevertheless, not everything in technology is rosy.
China plans to grow by “around 5%” in 2023. Premier Li Keqiang said this Wednesday when addressing the National People’s Congress of China. According to a draft budget presented to the house, the nation’s defense spending will rise by 7.2% to 1.56 trillion yuan ($230 billion).
Google’s artificial intelligence, Bard, is “not search,” according to Jack Krawczyk, Bard’s head of product. Bard has greater magic.
PROFESSIONAL The February jobs data will be issued this week, and Federal Reserve Chair Jerome Powell will speak to Congressional committees about the economy. One of them is predicted by economists to be a significant market mover, but not the other.
US markets were able to overcome their pessimism and rally to end the week in the black, helped by dovish remarks from Fed director Raphael Bostic and a decline in US Treasury yields.
For more information, see These 3 Tech Billionaires Lost Almost Half a Trillion This Year. Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META),…
The Dow Jones Industrial Average increased by 1.17%, ending its four-week losing run and giving it a weekly gain of 1.75%. The S&P 500 increased by 1.61% for a weekly gain of 1.9% on Friday.