Nasdaq Hits Record Highs as Tech Stocks and AI Drive Gains
TL;DR Summary
U.S. stocks rebounded on Friday, with the Nasdaq setting a new record and the S&P 500 recovering losses from earlier in the week. Deckers Outdoor and Ross Stores led gains, while Nvidia continued its upward trend. Despite concerns over inflation and potential Federal Reserve rate hikes, consumer sentiment data provided a slight boost to the market. Treasury yields remained stable, and global markets saw declines.
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- Stock Market Today: Dow Jones Rises Ahead Of Inflation Data; AI Stock Workday Dives On Earnings Investor's Business Daily
- Markets News, May 24, 2024: Nvidia Rally Hands Nasdaq 5th Straight Winning Week Investopedia
- Nasdaq closes Friday at record high as Nvidia and the AI trade rallies on CNBC
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