Live news: Nasdaq Composite tops 20,000 level for the first time
The Nasdaq Composite index hit 20,000 points for the first time, as a year-long rally that has been propelled by high expectations for the artificial intelligence sector continued into the final month of 2024. The tech-heavy index gained as much as 1.8 per cent on Wednesday, taking it to 20,035.47 and leaving it up by more than one-third in 2024.
The tech-heavy index gained 1.8 percent after November’s inflation report matched expectations from economists.
Inflation data was in line with expectations. Stocks rose as investors saw higher odds of another rate cut at next week's Fed ...
Futures tied to the Nasdaq 100 slipped around 0.2%. S&P 500 futures inched down 0.1%. Dow Jones Industrial Average futures fell 49 points, or 0.1%. In extended trading, software giant Adobe declined ...
Analysts remained optimistic about interest rate cuts after an inflation report fell in line with projections.
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The Nasdaq-100 is reconstituted annually in December. The additions and deletions are announced after the market closes on ...
The Nasdaq Composite closed above 20,000 for the first time on Wednesday after the latest inflation reading cleared the way for a December interest-rate cut. The tech-heavy index, with help from a ...
The Nasdaq crossed 20,000 points for the first time on Wednesday, as tech stocks rallied after the latest inflation report ...
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