High-Growth Tech Stocks Back in Demand as Inflation Worries Ease

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 25 sec. here
  • 15 min. at publisher
  • 📊 Quality Score:
  • News: 58%
  • Publisher: 53%

Finance News

Technology Stocks,Inflation Worries,Fed Rate Hikes

High-growth technology stocks are back in demand thanks to easing inflation worries and receding fears over further Fed rate hikes. The Nasdaq Composite will continue to lead the market higher as the end of the Fed’s rate-hiking era approaches.

High-growth technology stocks are back in demand thanks to easing inflation worries and receding fears over further Fed rate hikes. The Nasdaq Composite will continue to lead the market higher as the end of the Fed’s rate-hiking era approaches. The U.S. stock market looks set to extend its rally through the end of the year, after Wall Street cheered fresh expectations of the Fed cutting rates next year also rose following the soft CPI report. As of Wednesday morning, U.S.

rate futures priced in an 80% chance of a rate cut in May, compared with 45% on Monday, according to the has been the top performer of the three major U.S. indexes by a wide margin so far in 2023, surging 34.7% year-to-date. That compares to an increase of 17.1% for the benchmark. Taking that into consideration, I recommend buying shares of DraftKings, CrowdStrike, and Datadog amid increasing odds that the Fed is done hiking interest rates and will pivot to easing monetary policy in 202

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Closes Higher as Tech Stocks Gain on Sliding Treasury YieldsThe Dow closed higher Tuesday as sliding Treasury yields paved the way for tech stocks to rack up gains after a cooler-than-expected inflation report supported investor expectations that the Federal Reserve's hiking cycle has ended.
Source: Investingcom - 🏆 450. / 53 Read more »