Nasdaq Breaks 20,000 Milestone Amid Big Tech Rally

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Source: CNBC
Nasdaq Breaks 20,000 Milestone Amid Big Tech Rally
Photo: CNBC
TL;DR Summary

U.S. stock futures dipped slightly after the Nasdaq Composite closed above 20,000 for the first time, with Nasdaq 100, S&P 500, and Dow Jones futures all experiencing minor declines. Adobe's stock fell 9% in extended trading due to disappointing revenue guidance. The Nasdaq gained 1.8% during regular trading, while the S&P 500 rose 0.8% and the Dow fell 0.2%. Investors are anticipating a Federal Reserve rate cut following a consumer price index report that met expectations. ServiceTitan priced its IPO at $71 per share, above its expected range, and will begin trading on the Nasdaq.

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