Nasdaq Hits Record Close on Tech Gains
The Nasdaq index recorded a new all-time closing high, supported by rising shares of technology companies like Nvidia and Microsoft, following a decline in expectations for an interest rate hike in the US due to weak employment data. This comes as investors await the start of the quarterly earnings season, with expectations that profits for S&P 500 companies will increase by more than 30% year-over-year. Additionally, oil prices dropped, and the market does not foresee a significant interest rate increase.
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