breaking news US stocks rise for second day as Nasdaq closes highest since August

There were relentless flows to US equity markets on Friday, led by the Nasdaq:

• S&P 500 +1.3%
• Nasdaq earnings +2.2%
• DJIA +1.0%
• Russell 2000 +1.1%
• TSX Toronto compensation +0.8%

In Week :

• S&P 500 +0.3%
• Nasdaq earnings +2.4%
• Apartment Russell 2000
• TSX Toronto Compensation -2.1%

Broadcom was a big winner on Friday, gaining 11%, with Qualcom and Intel making progress as the chip rally widens.

This is the fifth consecutive week of gains for the Nasdaq and it appears that the October/December double bottom was the lowest.