Stocks Surge as Nasdaq Hits Record Highs and Fed Meeting Looms
TL;DR Summary
The Nasdaq reached its highest point in 2023, joining the S&P 500 and Dow Jones in a stock market rally. The CBOE Volatility Index (VIX) dropped to its lowest level since January, indicating excessive bullishness. Nvidia reclaimed a buy point, while Microsoft, Amazon, Netflix, Datadog, and Freshworks found support around their 21-day moving averages. The Federal Reserve meeting decision is awaited, with speculation about a potential shift towards rate cuts in 2024. Dow Jones futures were little changed after hours.
- Nasdaq Hits 2023 Highs With Fed Due; Nvidia Reclaims Buy Point Investor's Business Daily
- Stock market news today: Stocks tick higher with CPI data, Fed on the horizon Yahoo Finance
- Fed meeting: Expect a more hawkish tone, strategist says Yahoo Finance
- Why Are Stocks Up Today? InvestorPlace
- US stocks trade mixed as investors gear up for jam-packed week of central bank meetings and economic data Yahoo Finance
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