Wall St rallies; Nasdaq hits 40-yr milestone Apple scales $3 trillion

-
Wall Street's major indexes closed higher on Friday, with the Nasdaq experiencing its biggest first-half gain in 40 years. Apple reached a market valuation of $3 trillion, while investors reacted positively to signs of cooling U.S. inflation. The Dow Jones, S&P 500, and Nasdaq Composite all registered gains. Technology stocks led the charge, with Microsoft, Nvidia, Amazon, and Meta Platforms also making significant gains. Small-cap stocks also attracted attention, with the Russell 2000 index recording its longest winning streak since early March. The US economy's strength and cooling inflation have boosted confidence in the Federal Reserve's ability to manage monetary policy.

from Stocks-Markets-Economic Times https://ift.tt/dN8KkcD

Comments

Post a Comment

Popular posts from this blog

Gokaldas Exports reports 152% jump in revenues

-
Image
The company reported a profit before tax (PBT) of Rs 50.8 crore compared to a loss of Rs.2.6 crore in the same period last year and a PBT Rs 52.4 crore in the Jan-March quarter of the last fiscal year. In the first quarter of this fiscal year, the company considered a share-based compensation charge of Rs 6 crore, excluding which the profit before tax was Rs 56.8 crore. from Stocks-Markets-Economic Times https://ift.tt/biomg7W
Read more

US largest source of FDI in FY23; Mauritius, UK next

-
The census results showed that the United states followed by Mauritius, the United Kingdom and Singapore accounted for 60 percent of the inward FDI in the country in 202-23. In case of overseas direct investment - ODI - also, Singapore, the United States and the United Kingdom and the Netherlands were among the top four destinations accounting for 60 percent of the Rs 9.1 lakh crore invested by Indian entities in 2022-23. from Stocks-Markets-Economic Times https://ift.tt/nDI9BbW
Read more