entered a technical bull market for the first time in almost three years, and tech stocks remain on track for their best quarter outside of the pandemic.
Fueled by strong performances by mega-cap names like Apple and Microsoft, the tech-heavy index closed Wednesday's session more than 20% higher from its December 28 closing low. Meanwhile, the Nasdaq has gained 17% in the first three months of 2023, with a few days left in the first quarter. DataTrek highlighted that the St. Louis Fed Financial Stress index reading is currently in the same ballpark as it was in July and August of 2002, as well as October 2011 — two similar periods of financial stress.
yeah, i love these new 'bull markets'... the one we entered in august of last year lasted about 2 weeks...
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Stocks close lower, Nasdaq drops a second day as higher yields press tech names: Live updatesThe Nasdaq fell Tuesday as an uptick in rates put pressure on the tech-heavy index. The Dow fell 0.12%. The S&P 500 shed 0.16%. The Nasdaq was down 0.45%.
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