US stocks rise to fresh records on tech-fueled rally while investors sift through Fedspeak
==========
US stocks rose on Friday, powered by a rally in tech stocks that took the Nasdaq up to a record high and helped the S&P 500 close above 5,100 for the first time ever. The tech-focused Nasdaq Composite rose 1.14% on Friday, continuing its ascent after closing last month at its first record high since 2021. Investors also sifted through a slew of comments from Fed officials on Friday to gauge where interest rates could be headed this year. Atlanta Fed president Raphael Bostic said he would like to wait for inflation to sink low enough that the Fed can avoid reversing course and switching back to rate hikes after rate cuts. Meanwhile, yields on the two-year note slipped 10.8 basis points to 4.53% after Fed governor Christopher Waller said he would like the Fed to boost its share of short-term bonds.
#UsStocks #TechStocks #Nasdaq #S&p500 #FederalReserve #InterestRates
https://markets.businessinsider.com/news/stocks/stock-market-news-today-nasdaq-up-tech-rally-fed-rates-2024-3
Markets Insider /
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2024-03-02 07:06:10
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wss://relay.damus.ioPublished at
2024-03-02 07:06:10Event JSON
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"content": "US stocks rise to fresh records on tech-fueled rally while investors sift through Fedspeak\n==========\n\nUS stocks rose on Friday, powered by a rally in tech stocks that took the Nasdaq up to a record high and helped the S\u0026P 500 close above 5,100 for the first time ever. The tech-focused Nasdaq Composite rose 1.14% on Friday, continuing its ascent after closing last month at its first record high since 2021. Investors also sifted through a slew of comments from Fed officials on Friday to gauge where interest rates could be headed this year. Atlanta Fed president Raphael Bostic said he would like to wait for inflation to sink low enough that the Fed can avoid reversing course and switching back to rate hikes after rate cuts. Meanwhile, yields on the two-year note slipped 10.8 basis points to 4.53% after Fed governor Christopher Waller said he would like the Fed to boost its share of short-term bonds.\n\n#UsStocks #TechStocks #Nasdaq #S\u0026p500 #FederalReserve #InterestRates\n\nhttps://markets.businessinsider.com/news/stocks/stock-market-news-today-nasdaq-up-tech-rally-fed-rates-2024-3",
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