Reported 3 days ago
On December 11, 2024, the stock market saw significant gains led by major tech companies, with the Nasdaq Composite rising 1.7%, hitting over 20,000 for the first time. Positive inflation data, which matched economists' forecasts, reinforced expectations for a Federal Reserve interest rate cut next week. Tesla, Alphabet, Meta, and Amazon saw their shares reach record highs, as the 'Magnificent Seven' tech stocks rallied amid hopes of continued economic easing.
Source: YAHOO