Here is a chart showing the Nasdaq stock market over the past five years.
This apparent recovery is relevant for start-ups, because the Nasdaq is the place of choice for most private technology companies planning an initial public offering. When the Nasdaq is weak, there are few IPOs. When it is strong, there are more. With the all hand-wringing going on about how increased regulations under Sarbanes-Oxley has hampered the IPO market, this is at least one favorable sign.
Let’s hold our breath until Tuesday, when Yahoo and Intel report quarterly earnings on Tuesday, followed by news from eBay, Google and Apple later on.
Here’s summary by Merc today.