Nasdaq Breaks 20,000 Milestone Amid Big Tech Surge
TL;DR
The Nasdaq Composite surged to a record high above 20,000 points, driven by gains in major tech stocks like Alphabet and Tesla. The rally was supported by a Consumer Price Index report showing 2.7% inflation, reinforcing expectations of a Federal Reserve rate cut. Meanwhile, Match Group shares fell due to currency exchange impacts, and Netflix hit a record high after a JPMorgan price target increase. Macy's shares dropped following a delayed earnings report and an accounting error investigation.
- Dow Jones Today: Stocks Surge as Big Tech Rally Pushes Nasdaq Above 20K Points for First Time Investopedia
- Nasdaq rallies above 20,000 for the first time as tech shares gain: Live updates CNBC
- Wall Street rallies on tame US inflation, Nasdaq jumps above 20,000 Reuters
- Apple, Amazon, Alphabet, Meta and Tesla all on pace to close at fresh records MarketWatch
- Stock market today: Nasdaq tops 20,000 for first time as Big Tech surge leads stocks higher Yahoo Finance
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