This is evident from the Nasdaq-100 Technology Sector index's 18% rally so far in 2023. This impressive move has also rubbed off positively on shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Shopify (NYSE: SHOP). While Alphabet stock has gained 7% in 2023 despite recent troubles, Shopify stock is up a whopping 40%. Read More...
MarketWatch
Here come the 5% CDs
If you’re looking for certificates of deposit, the interest rates on offer should be—here’s hoping—heading higher following the latest inflation numbers out Tuesday morning. You can already get 5% on a one-year CD if you shop around, and there should be more—and maybe better—on offer soon following the latest economic news, which has sent the money markets jumping around. January’s inflation data came in higher than expected, and the markets were surprised by the news, even though Federal Reserve Chairman Jay Powell had basically told them this was going to happen at his press conference a couple of weeks ago.
