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Tech giants propel Nasdaq to record highs with broad market gains

The Nasdaq Composite (Symbol: NAS100) continues its impressive run, setting a record high for the sixth consecutive session. The performance of this tech-heavy index is primarily driven by strong gains in major technology stocks, with investors showing an insatiable appetite for these market leaders. Read to find out which tech companies are driving the bullish momentum of the Nasdaq Composite. Despite the lowered expectations for rate cuts, the inflation slowdown in the US triggered a positive sentiment contributing to the rally of the Nasdaq composite index. If inflation continues to trend lower, the market could see sustained growth.

why is nasdaq bullish

Disclaimer:

Traders should remain vigilant for market changes, as there are variables in the market that can change the bullish momentum entirely. Risk management is advised for those who are seeking opportunities to profit from the financial market.

Publication date:

2024-06-25 16:43:34 (GMT)

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