Stock Market Today: Nasdaq clinches record close as tech reigns supreme

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Stock Market Today: Nasdaq clinches record close as tech reigns supreme

Investing.com -- The Nasdaq closed at a record high Monday, as tech continued to shine ahead of the last Federal Reserve policy meeting of the year.) rose more than 10%, lifting the broader semiconductor sector as Wall Street continues to make bullish calls on the stock following the chipmaker's stronger quarterly results released last week.), meanwhile, close at fresh record high as the EV maker continues its post-election rally that has pushed its market cap to around $1.45T.

Analysts broadly expected the central bank to signal a slower pace of rate cuts in the coming year, with recent comments from Fed officials also suggesting as much.Scan QR code to install app

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