Market Summary 28th March

The stock market had a mixed day as we head into a long holiday weekend and the end of a busy spring break. The $NASDAQ(NASDAQ.US)$ and $SPDR S&P 500 ETF(SPY.US)$ both dropped a bit, while the $iShares Russell 2000 ETF(IWM.US)$, which tracks smaller companies, saw some gains but didn't keep up its momentum throughout the day. Interestingly, the Russell 2000's rally earlier in the day helped the Nasdaq see more stocks reaching new highs, but this excitement cooled off midday.

It's clear we're seeing shifts in the market, with energy companies staying strong and some of the big winners from November, like $Uber Technologies(UBER.US)$, losing steam. This week, we noticed a pattern: the Nasdaq went down, but the Russell 2000 went up – this has happened twice now in March. I usually check for new trends every week, but this time I'll be paying extra attention to see if any smaller companies are starting to lead the way.

Looking at the stocks we're keeping an eye on, not many had a big day, except for a few in the cryptocurrency world, as $Bitcoin(BTC.CC)$ ended the week on a high note. On the flip side, $Braze(BRZE.US)$ took a hit after sharing disappointing earnings news, and $Palantir(PLTR.US)$ dropped 6% after a downgrade, with not many rushing in to buy.