Tech titans power Nasdaq to 20,000 for first time in AI-driven market frenzy
1 week, 4 days ago

Tech titans power Nasdaq to 20,000 for first time in AI-driven market frenzy

India Today  

The Nasdaq index crossed the 20,000-point mark for the first time on Wednesday, driven by a sustained rally in technology stocks. Investors are also encouraged by the Federal Reserve’s signals of monetary easing, which could provide further support to the US economy and the stock market. INFLATION DATA AND FED POLICY Wednesday’s market gains followed the release of inflation data from the US Labour Department. Tom Bruce, a macro investment strategist at Tanglewood Total Wealth Management, told Reuters, "There were some fears that you could have had an upside surprise to inflation and that may have made the Fed rethink cutting next week."

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History of this topic

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting
1 week, 3 days ago

Wall Street today: S&P 500, Nasdaq slid at US market open as investors eye economic data ahead of Fed meeting

Live Mint  

Wall Street today: The US markets opened today with the S&P 500 and the Nasdaq losing points on Thursday, after closing higher at the previous market close. At 9:37 a.m., the Dow Jones Industrial Average rose 0.09 per cent to 44,188.62 points, the S&P 500 dropped 0.26 per cent to 6,068.64 points and the Nasdaq Composite fell 0.48 per cent …

Stunning rally in Big Tech drives Nasdaq to 20,000
1 week, 4 days ago

Stunning rally in Big Tech drives Nasdaq to 20,000

Live Mint  

* Nasdaq hits 20,000 amid AI excitement, rate-cut expectations * Tech stocks drive Nasdaq's 33% annual rise * Megacap stocks' dominance raises concentration concerns By Saqib Iqbal Ahmed, Suzanne McGee and Lewis Krauskopf NEW YORK, Dec 11 - The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement …

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 5 days ago

Stock market today: Wall Street gets back to climbing, and the Nasdaq tops 20,000

Associated Press  

NEW YORK — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. …

Wall Street gets back to climbing, and the Nasdaq tops 20,000
1 week, 5 days ago

Wall Street gets back to climbing, and the Nasdaq tops 20,000

LA Times  

The Standard & Poor’s 500 index rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Stocks got a boost as expectations built that Wednesday’s inflation data will enable the Fed to deliver another cut to interest rates at its meeting next week. “The data have given the Fed …

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher
2 weeks, 5 days ago

Wall Street today: S&P 500 and Dow Jones slip, Nasdaq edges higher

Live Mint  

Wall Street stock indices were mixed on Tuesday after the S&P 500 and the Nasdaq hit record high levels in the previous session. As of 10:15 am Eastern time, the S&P 500 was down 0.1 per cent, the Dow Jones Industrial Average dropped 0.2 per cent, and the Nasdaq Composite edged up by 0.1 per cent. At the opening bell, …

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles
1 month, 3 weeks ago

Rising tech stocks send Nasdaq to a record as most of Wall Street stumbles

LA Times  

Rallying technology stocks sent the Nasdaq composite index to a record on Tuesday, but trading was mixed elsewhere on Wall Street as home builders and Ford Motor sank after the latest profit reports. The S&P 500 rose 0.2%, inching closer to its all-time high set earlier this month, even though most of the stocks in the index fell for the …

How major US stock indexes fared Wednesday, 6/12/2024
6 months, 1 week ago

How major US stock indexes fared Wednesday, 6/12/2024

Associated Press  

U.S. stocks closed higher following a surprisingly encouraging update on inflation. The S&P 500 rose 0.9% Wednesday, closing at another record high, after the Federal Reserve also gave reassurance that it still sees a cut to interest rates as likely this year. On Wednesday: The S&P 500 rose 45.71 points, or 0.9%, to 5,421.03. The Dow Jones Industrial Average fell …

How major US stock indexes fared Tuesday, 5/7/2024
7 months, 2 weeks ago

How major US stock indexes fared Tuesday, 5/7/2024

Associated Press  

U.S. stocks held relatively steady as trading on Wall Street calmed following some sharp recent swings. The Dow Jones Industrial Average rose 0.1%, and the Nasdaq composite slipped 0.1%. On Tuesday: The S&P 500 rose 6.96 points, or 0.1%, to 5,187.70. The Dow Jones Industrial Average rose 31.99 points, or 0.1%, to 38,884.26. The Nasdaq composite fell 16.69 points, or …

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling
7 months, 2 weeks ago

Stock market today: Wall Street rallies after hiring shows welcome signs of cooling

Associated Press  

Wall Street capped a choppy week of trading Friday with the best day for the stock market in over two months, as traders welcomed cooler-than-expected U.S. employment data as a sign that inflationary pressures on the economy are easing. “The demand for labor is slowing, which will eventually ease inflation pressures, giving the Fed some leeway to cut rates later …

Business News Live: Stock Markets To Open, US Inflation Data Scheduled For Today
8 months, 1 week ago

Business News Live: Stock Markets To Open, US Inflation Data Scheduled For Today

ABP News  

Business News Highlights: Hello and welcome to ABP Live's Business LIVE blog. Both the key equity benchmarks hit fresh peaks during the trading session, when the S&P BSE Sensex reached 75,124.28, while the NSE Nifty50 touched 22,768. Paytm Payments Bank Limited revealed in a stock filing that MD and CEO, Surinder Chawla submitted his resignation papers to the firm on …

Tech Stocks Drive Nasdaq as US Stocks Struggle Amid Debt Ceiling Uncertainty
1 year, 7 months ago

Tech Stocks Drive Nasdaq as US Stocks Struggle Amid Debt Ceiling Uncertainty

News 18  

U.S. stocks struggled for gains with tech shares putting the Nasdaq out front on Monday, and benchmark Treasury yields rose amid wavering optimism over a debt ceiling deal from Washington. “It feels like there’s some optimism regarding talks on the debt ceiling,” said Joseph Sroka, chief investment officer at NovaPoint in Atlanta. European stocks ended the session higher as investors …

How major US stock indexes fared Wednesday 9/7/2022
2 years, 3 months ago

How major US stock indexes fared Wednesday 9/7/2022

Associated Press  

Stocks ended broadly higher on Wall Street, placing the market on pace to break a 3-week losing streak. Vice Chair Lael Brainard reaffirmed the bank’s resolve in tackling inflation in remarks delivered Wednesday, two weeks before the Fed’s next policy meeting. On Wednesday: The S&P 500 rose 71.68 points, or 1.8%, to 3,979.87. The Dow Jones Industrial Average rose 435.98 …

US dollar to Q2 GDP data: Top 5 triggers that may dictate stock market this week
2 years, 4 months ago

US dollar to Q2 GDP data: Top 5 triggers that may dictate stock market this week

Live Mint  

Stock market this week: Following strong global cues, short covering by FIIs and banking stocks' rally on Dalal Street, Indian stock market ended in positive territory on sixth straight session. But the next week might not be all positive as the US FED is going to meet next week for their policy decisions, and another rate hike might spook the …

US markets: Nasdaq hits record high as Big Tech roars back
3 years, 6 months ago

US markets: Nasdaq hits record high as Big Tech roars back

Live Mint  

The Nasdaq hit an intra-day record high on Tuesday, lifted by Amazon, Microsoft and other top-shelf growth companies, while investors awaited remarks about the economic recovery from Federal Reserve Chair Jerome Powell. So-called value stocks, expected to benefit from the economic recovery, have outperformed in 2021, while growth stocks, including major tech names like Apple and Nvidia, have rallied since …

Tech stocks lead Wall Street higher as Fed meeting begins
4 years, 3 months ago

Tech stocks lead Wall Street higher as Fed meeting begins

Live Mint  

Tech stocks pushed Wall Street's main indexes higher on Tuesday as positive US factory data fueled optimism around an economic rebound, while investors looked for continued support from the Federal Reserve as its two-day meeting got underway. in a world of extremely low interest rates these stocks have offered good returns," said Anik Sen, global head of equities at PineBridge …

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