Markets Tech stocks spearheaded Thursday's market resurgence, propelling the Nasdaq Composite to its sixth record close of 2024. Several top-tier companies saw notable gains as we approached the earnings season window. Nvidia surged by 4.1%, while Amazon climbed 1.7%, reaching an all-time high during the session. Alphabet also posted a gain of more than 2%. Additionally, Apple saw a significant increase of 4.
Ultimately, the fate of any stock market rally rests on Q1 earnings season — the bedrock of fundamentals. In other news, initial jobless claims came in at 211,000, below estimates, underscoring the persistence of a tight labour market. OilMarkets Oil futures ended Thursday's session in the red, reflecting concerns over weakening domestic demand for fuel amidst apprehensions about inflation's impact on consumer spending.
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Source: FXStreetNews - 🏆 14. / 72 Read more »
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