Nasdaq Hits Record High as Investors Focus on Earnings
Investors bet on AI leaders and lower oil prices as weaker jobs data cut expectations for a near-term Federal Reserve rate hike.
- The Nasdaq reached an all-time high on Monday, lifted by Nvidia and Microsoft gains as investors focused on falling oil prices, marking the index's second consecutive intraday record.
- Weaker-than-Expected jobs data from Friday dampened expectations for a Federal Reserve interest rate hike, with traders now seeing a 24 percent chance, down from a 70 percent chance last week.
- Acquisitions drove gains as PTC surged 34 percent following a $22.6 billion agreement with Schneider Electric, while RXO jumped 29 percent after Robinson Worldwide agreed to a $5.8 billion deal.
- Ahead of third-quarter earnings reports starting next week, investors are "groping for anything positive to glom onto," according to Art Hogan, chief market strategist at Riley Wealth.
- Analysts expect earnings to jump over 30 percent year over year, driven largely by AI-related stocks, while the market lifted its 2026 gain to almost 14 percent.
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Nasdaq Closes at Record High as Tech Stocks Rally, Oil Prices Ease
The Nasdaq Composite closed at a record Monday as Nvidia, Microsoft and other major technology stocks advanced, while lower oil prices and reduced expectations for ... The post Nasdaq Closes at Record High as Tech Stocks Rally, Oil Prices Ease first appeared on [your]NEWS.
US stocks: Nasdaq gains 1% at close as investors focus on earnings
The Nasdaq Composite has hit an all-time high, driven by impressive performances from tech giants Nvidia and Microsoft. In contrast, oil prices have dipped, attributed to rising crude exports from the Middle East and backing from the Group of Seven nations. Analysts forecast a notable year-over-year increase in S&P 500 earnings, buoyed by strength in the technology sector.
Nasdaq hits record high as investors focus on earnings
The Nasdaq hit an all-time high on Monday, lifted by Nvidia and Microsoft, as investors focused on a dip in oil prices and looked ahead to quarterly earnings reports. It was the Nasdaq's second straight intraday record high after weaker-than-expected jobs data on Friday dampened expectations for an interest rate hike from the Federal Reserve at its policy meeting this month. The S&P 500 climbed and was about 0.5 percent below its intraday record…
Index was boosted by Nvidia and Microsoft, while investors focused on falling oil prices and waiting for quarterly performance reports
Nasdaq Closes at All-Time high... AI Tech Stocks Strong Despite Record Highs in U.S. Treasury Yields
[Digital Daily Reporter Lee Sang-il] The three major US stock indices rose across the board on the 5th (local time). Although Treasury yields hit a new high since 2002, the Nasdaq Composite Index closed at an all-time high driven by strong performance in AI-related technology stocks. International oil prices fell for the second consecutive trading day due to increased exports of Middle Eastern crude oil and the decision by the G7 to release stra…
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