MarketsReportedMedium

Nasdaq Hits Record High on Tech Rally, Weak Labor Data

The Nasdaq closed at an all-time high, rising 1.06% to 27,480.28, driven by technology stocks. This marks the second consecutive session of gains, following weak labor data that reduced expectations of rate hikes. The move signals continued risk appetite in equities, though sustainability depends on upcoming data and Fed signals.

Infobaeabout 9 hours agoUSCredibility 22%View source

Score Breakdown

Mosaic Score5.7

Model confidence0.9

Significance0.5

Source credibility0.2

Intelligence Tags

#nasdaq #tech-stocks #equities #rate-expectations #labor-data

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Part of 2 situations

activePoliticsMarkets2m ago

France — 64 developments

→ stable·70 signals·FR, DE, ES +9Score 4.8

developingMarkets8h ago

US Equities: Nasdaq Records on Tech Rally, Intel Lags, Fed Minutes Awaited

US equities, particularly the Nasdaq, achieved record highs on Monday, driven by a broad tech rally and AI-related stocks. This occurred despite rising Treasury yields, elevated oil prices, and persistent macro headwinds, with Intel notably underperforming due to earnings concerns. The market's continued risk appetite appears to be supported by corporate earnings and weak labor data reducing rate hike expectations, though future direction is contingent on upcoming Fed signals and economic data.

→ stable·4 signals·US, FRScore 4.7