Stocks Hit Record Highs, Central Banks Cut Rates, Tight US Jobs Report Dampens Fed Easing Hopes: This Week In The Market
The stock market extended its bull market rally for another week, with fresh record highs for both the S&P 500 and the tech-heavy Nasdaq 100 indices. The tech sector – particularly the chipmaker industry, as tracked by the iShares Semiconductor ETF (NYSE:SOXX), led broader market gains, driven by strong investor optimism toward artificial intelligence growth. Nvidia Corp.‘s (NASDAQ:NVDA) market valuation hit $3 trillion on Wednesday, briefly surpassing Apple Inc. (NASDAQ:AAPL) as the second most
Source: yahoo.com