Nasdaq Surges on Tech Rally Amidst Slower US Growth and Persistent Inflation
The Nasdaq Composite surged over 1.5% driven by tech stocks, while Wall Street remained largely flat. This divergence occurred as new data revealed slower-than-expected US economic growth and inflation persisting above the Federal Reserve's target,…
Mixed Fortunes on Wall Street: Nasdaq Slips Amid Tech Sell-Off, Strong Earnings Propel Dow and S&P 500
Wall Street experienced a day of divergence as the Nasdaq Composite declined over 1% on a broad tech sell-off, particularly in chip stocks. Meanwhile, stronger-than-expected corporate earnings, highlighted by Coca-Cola's robust performance, helped the…