Stock market today: Nasdaq tops 20,000 for the first time as tech jumps after inflation data
Tech stocks soared on Wednesday, boosted by the prospect of a rate cut at next week's Fed meeting. Tesla stock jumped 6% to an all-time high.
Nasdaq closes above 20K for first time as Trump, AI bets boost tech stocks
The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump’s presidency and bets on AI-fueled earnings growth in the coming quarters. The tech-heavy index rose 1.6% to an all-time high of 20,028.40 points.
Nasdaq jumps above 20,000 as Wall Street rallies on tame US inflation
A rally in tech stocks boosted the Nasdaq after a U.S. inflation report boosted expectations of a Federal Reserve interest rate cut.
Nasdaq soars above 20,000 for the first time as stocks jump on rate-cut bets
Inflation data was in line with expectations. Stocks rose as investors saw higher odds of another rate cut at next week's Fed meeting.
Wall Street gets back to climbing, and the Nasdaq tops 20,000
Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve
Nasdaq hits 20,000 as inflation data raises Dec rate-cut hopes
The Nasdaq crossed 20,000 points for the first time on Wednesday, as tech stocks rallied after the latest inflation report raised hopes of a rate cut by the U.S. Federal Reserve later this month. A Labor Department report showed U.
Nasdaq closes above 20,000 points for the first time
The tech-heavy index gained 1.8 percent after November’s inflation report matched expectations from economists.
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