Cathie Wood stock gained traction this week as down assets moved upwards after days in the red zone. The stock market recorded gains after the release of the U.S. Job data as big tech-led inflows. While traders await long-term bullish indicators from macroeconomic conditions, some look to reposition assets amid inflows bagged.
Cathie Wood stocks gained momentum in 2020 after high returns but have lost steam in subsequent years. However, the wider community still keenly observed the assets bought and offloaded. Stock market analysts projected highs in Q2 2024 following massive inflows recorded in the first three months of the year. Here are Cathie Wood stocks that jumped following macro factors
Meta Platforms Inc (META)
The tech giant led tech gains alongside Microsoft and Alphabet. META went up 5.4% after the release of the US Job data wiping out slight losses in its numbers. Weekly, META soared 4% while 30-day inflows stand at 9%. This positive spark from the asset pushed its price to $531.91 amid bulls igniting gains.
This year META has notched inflows specifically the first three months leading to positive Q1 earnings.
Block Inc (SQ)
Payment firm Block is among trending Cathie Wood stocks based on recent inflows. The asset ticked 2.08% upwards after the report added to its weekly numbers. This week Block recorded over 3% gains and continues to improve on its utility. Block has announced several developments on its platform including partnerships with other firms.
Tesla (TSLA)
Tesla stands among the biggest earning Cathie Wood stocks this week. The electric car manufacturer’s stock is up slightly above 2% and a massive 26% this week. Weekly numbers have attracted investors to the stock after previous slowed growth in the markets
As the stock market sees inflows, stakeholders look to possible interest rate cuts in September which will spark renewed investment in financial assets.
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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
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