Nasdaq Set For Best First Half In Its 52-Year History Amid AI-Fueled ‘Market Euphoria’

The Nasdaq has gained 30% year-to-date, outperforming the S&P 500’s 14% bounce and Dow Jones Industrial Average’s 2% gain.

With two days left, the Nasdaq is on track for by far its best January 1 to June 30 return since its inception in 1971, easily topping the prior record holder, 2019, when it gained 25.2%. This year’s hot start comes after the index crashed 30% during the first half of 2022—its biggest first-half loss since 1974—as investors piled out of rate-sensitive tech stocks as the Federal Reserve began hiking interest rates.

Arguably the biggest factor behind the Nasdaq’s recent rally is Wall Street’s grand vision about what generative artificial intelligence could mean for sales growth for tech’s biggest names; chipmaker Nvidia and AI-exposed stalwarts Alphabet and Microsoft have each gained hundreds of billions in market value this year.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Stock Market Today: Nasdaq futures lead reboundMarketWatch Live: Nasdaq leads premarket bounce-back in U.S. stocks
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Analysts love these Nasdaq stocks as benchmark wraps up best first half since 1983The tech-heavy index has soared nearly 29% this year, and is currently on pace for its best first half since 1983.
Bron: CNBC - 🏆 12. / 72 Lees verder »

S&P 500, Nasdaq futures down as chip stocks fall, focus on Powell By Reuters⚠️BREAKING: *U.S. STOCK FUTURES FALL AS NVIDIA, AMD SLIDE; FOCUS ON POWELL SPEECH $DIA $SPY $QQQ 🇺🇸🇺🇸
Bron: Investingcom - 🏆 450. / 53 Lees verder »