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News in English (USA) / 30.10.2024 / 01:00

Tech Stocks Propel Nasdaq to Record High Amid Strong Earnings Reports

In recent trading, the Nasdaq composite has achieved a record high as tech stocks rebound following a summer sell-off. Key drivers include robust earnings reports from major players like Alphabet, which significantly outperformed expectations, leading to a notable increase in its share price. While the S&P 500 futures ticked higher due to this tech surge, the Dow Jones struggled, declining over 150 points. Notable earnings from companies like AMD and Visa are set to be released soon, adding to market excitement. Despite mixed trading in broader markets, investor sentiment remains optimistic as tech stocks continue to gain momentum.
CNBC, Reuters, Bloomberg, Barchart, Yahoo Finance, "Investors Business Daily", MarketWatch, Investopedia, The Wall Street Journal, NBC Philadelphia