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News in English (USA) / 12.12.2024 / 06:00

Nasdaq Breaks 20,000 Mark for the First Time Amid Big Tech Surge

In a landmark achievement, the Nasdaq Composite has surged above the 20,000 point threshold for the first time, driven by a strong rally in major technology stocks. Key players such as Alphabet, Tesla, and other mega-cap companies have reached new record highs, contributing significantly to this historic milestone. The recent favorable inflation data has provided a boost to investor sentiment, further fueling the tech rally. While optimism reigns on Wall Street, analysts caution that this rapid ascent may bring potential challenges for investors in the near future.
CNBC, Yahoo Finance, "Investors Business Daily", Reuters, The Economic Times, The Washington Post, Bloomberg, MarketWatch, The Wall Street Journal, Investopedia