Market Insights: Tech Stocks Surge, Fed Holds Rates

Reported 3 months ago

In a recent session, all three major US markets saw gains, with the Nasdaq Composite significantly boosted by recovering tech stocks. This uptick follows the Federal Reserve's decision to maintain interest rates, highlighting themes of potential disinflation and the possibility of an interest rate cut by September. Analysts also contrasted the earnings reports of the Magnificent Seven tech companies, providing insights into market dynamics.

Source: YAHOO

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