Investing.com -- The Nasdaq closed at record highs Tuesday, shrugging off mixed economic data as tech continued to rack up gains ahead of major earnings.Big tech led the broader market higher just ahead of Alphabet's quarterly results due after the market closes.
“Putting it all together, risk flows over the last week, while positive, were rather subdued but kept net positioning for the S&P 500 net long and extended,” Citi strategists led by Chris Montagu said in a note.) stock fell 8% after the automaker tempered its full-year profit forecast, blaming supplier disruptions and warranty costs amid a global price war fueled by overcapacity.
The quits rate, meanwhile, fell to its lowest level since the pandemic, which is consistent"with wage growth continuing to slow and easing the inflationary impulse from the labor market," it added. The U.S. presidential elections are also set to take place in the coming week, with voting set for Nov. 5.
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Stock Market Today: Nasdaq closes higher after hitting record highs as tech jumpsStock Market Today: Nasdaq closes higher after hitting record highs as tech jumps
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