Tech Stocks Lead Nasdaq to New Highs

Written By Mike Opperman

A CNBC article

The Nasdaq Composite sailed to a fresh all-time high as traders looked past rising U.S. Treasury yields and digested new economic data.

The Nasdaq Composite was up 1.05% and hit an intraday of 27,544.07. The tech-heavy index posted a record close of 27,477.31. The Dow Jones Industrial Average advanced 90.94 points, or 0.18%, to end at 51,267.90. The S&P 500 climbed 0.66% to 7,773.95.

Several stocks tied to the artificial intelligence trade led the way higher for the Nasdaq. SpaceX jumped more than 7%, while hyperscalers Meta Platforms and Microsoft ticked up almost 2% and more than 1%, respectively. Nvidia and Tesla rose 2% each.

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Mike Opperman https://www.blackdirtcommunications.com
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