Reported about 7 hours ago
The Nasdaq Composite reached over 20,000 for the first time, led by a surge in major tech stocks including Alphabet, Tesla, Meta, and Amazon, amid positive inflation data that suggests a potential Federal Reserve interest rate cut next week. The Consumer Price Index (CPI) rose 2.7% annually in November, aligning with economists' expectations, reinforcing investor confidence despite ongoing inflation concerns. The S&P 500 also posted gains, while the Dow Jones experienced slight declines influenced by weak healthcare stocks.
Source: YAHOO