Reported 3 days ago
On December 11, 2024, the Nasdaq Composite index surpassed 20,000 for the first time, driven by significant gains in major tech stocks, particularly those of the 'Magnificent Seven' which includes companies like Alphabet, Tesla, and Amazon. This rally occurred as consumers absorbed recent inflation data, hinting at possible Federal Reserve interest rate cuts. Tesla reached its first record high in three years, trading above $420 per share, while Bitcoin prices also surged past $100,000, further boosting market optimism.
Source: YAHOO