With interest rates seeming to have stabilised and investors awakening to the immense potential of artificial intelligence (AI), the ‘Magnificent Seven’ stocks drove an impressive 53.8% surge in the Nasdaq-100 (INDEXNASDAQ: NDX) Index in 2023 and propelled the S&P 500 (INDEXSP: .INX) past 5,000 for the first time in February 2024.
The Australian share market or S&P/ASX 200 (INDEXASX: XJO) is expected to open higher on Tuesday, according to SPI 200 futures contracts in Sydney.
Microsoft (NASDAQ: MSFT) led the Dow’s gains, advancing 3 per cent, with Nike (NYSE: NKE), Salesforce (NYSE: CRM) and Intel Corp (NASDAQ: INTC) also boosting the index.
All three US stock markets closed the most volatile month in over a year on a positive note, with the Nasdaq outperforming, gaining 3.4%.
The US technology sector is behind a significant surge in US stock markets overnight as Intel (NASDAQ:INTC) shares make headlines.
US stock markets finished broadly lower on Friday as Snapchat (NYSE:SNAP) and Intel (NASDAQ:INTC) shares tumbled. Here are the details.
The US stock markets were positive overnight, with the major tech companies sending the Nasdaq 0.4% higher.
Global markets finished stronger ahead of the start of US earnings season, the Dow Jones and S&P 500 both adding 0.4%.
US stock markets managed another double record overnight with all three benchmarks eking out small gains.
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