• From Battlefield to Bell

    01 Market Overview Inflation and bond market jitters wreck the week. This week’s early headlines were driven by the NACHO trade (Not a Chance Hormuz Opens) and accompanying inflation prints (Wall Street Journal). The longer the strait stays closed, the longer global supply chains will be disrupted, driving up prices for energy, metals, agricultural commodities,…

  • The New Bottleneck

    The New Bottleneck — NPM Private Markets Weekly S&P 500 WTD +1% Nasdaq 100 WTD +3% NPM Tracker YTD +25% Market Overview Markets were up this week, with the S&P 500/Nasdaq 100 +1%+3%. Strong perfomance was driven primarily by continued strong corporate earnings and easing fears about Middle East conflict escalation. WTI crude fell ~5%…

  • BBVA teams up with Nasdaq Private Market to facilitate liquidity opportunities for high-growth private companies in LatAm

    NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) — BBVA´s specialized banking unit for high-growth innovative companies and Nasdaq Private Market (NPM), a leading provider of liquidity, capital and investment solutions for private companies, employees and investors, announced today a strategic collaboration to facilitate streamlined introductions for BBVA’s portfolio upon their express request for secondary market…

  • YTD Roundup

    S&P 500 WTD +1% Nasdaq WTD +1% NPM Tracker YTD +15.3% Market Overview Strong earnings results buoyed the market. Both the S&P 500 and the Nasdaq were up slightly less than 1% on the week. While the Nasdaq sold off early in the week on reports that OpenAI was missing certain internal revenue targets, strong…

  • Ghost in the Machine

    Ghost in the Machine — NPM Private Markets Weekly S&P 500 WTD 0% Nasdaq 100 WTD 0% NPM Tracker YTD +12% Market Overview Markets were flattish this week, with the S&P 500/Nasdaq 100 +0%+0%. Strong performance early in the week was driven primarily by the extension of the Iran ceasefire and hopes that de-escalation would…

  • No Bars? No Problem

    Market OverviewWar? What War? Global equities climbed to all-time highs this week on headlines that the US and Iran might extend a ceasefire and positive earnings results from companies such as the major US banks. Tensions linger, but markets appear to be shrugging them off. The S&P closed above the 7,000 mark for the first…

  • A Data Center Check-In

    Public markets were up modestly over the past week, with the S&P500/Nasdaq100 1%/1%.  YTD the S&P500/Nasdaq100 are now +2/+3%.  Our NPM Private Market Tracker*, which shows the average price performance of the 50 largest names in our internal Tape D® data, is +2% YTD. (NPM; Bloomberg) The AI data center industry continues to experience an unprecedented build-out,…

  • Betting On “What Happens”

    Market Overview Markets were strong this week, with the S&P 500/Nasdaq 100 +4%+4%. Strong perfomance was driven primarily by the announcement of a temporary ceasefire with Iran, which reinforced the market sense that escalation risk is falling. Notably, WTI crude was -11% on the week to $99/bbl. Our NPM Private Market Tracker*, which shows the average…

  • Secondary Scene 2026 Outlook

    Secondary Scene 2026 Outlook | Private Market Annual Report | Nasdaq Private Market A LETTER FROM OUR CEO Tom Callahan Chief Executive Officer, Nasdaq Private Market There is a mega-trend happening in the global capital markets. It’s not new; it’s been underway for over 30 years. It’s a trend that is having a profound impact…

  • Prediction Markets Getting Press

    Market Overview Markets struggled to find direction this week. The S&P was down 1% on the week and the Nasdaq was down 2%, but as has been the case in many weeks recently, the weekly performance belied significant intra-week volatility driven by the war in Iran, swings in crude prices (Brent swung between ~$95-111/bbl this week),…