Market Movements Q1 2023

The first quarter of 2023 saw the Nasdaq achieve its best performance since mid-2020, with a remarkable 17% gain. Apple and Microsoft played a pivotal role, contributing significantly to the S&P 500's growth, while Nvidia and Meta emerged as standout performers, with gains of 90% and 76%, respectively. The recent surge in tech stocks suggests that previous declines may have been overdone, as companies adapt by streamlining operations and reducing costs.