US EditionNasdaq posts record closing high with tech gains, rate cut optimism
UNITED STATES, AUG 8 – Tech stocks led gains as Nasdaq rose 1% to 21,450.02, driven by AI optimism and trade policy easing, with Apple and Expedia reporting strong earnings and investment plans.
- On August 8, the Nasdaq Composite Index closed at a record high of 21,450.02 for the second consecutive day amid broad gains in US equities.
- This rise followed renewed enthusiasm for artificial intelligence, rising S&P 500 earnings estimates, and easing concerns about tariffs affecting the tech sector.
- Major indexes, including the Dow Jones and S&P 500, advanced 0.5% and 0.8% respectively, while companies like Apple and Expedia reported strong gains and positive outlooks.
- Senior strategist Angelo Kourkafas noted that renewed interest in AI is driving ongoing improvements, and he pointed out that tariffs targeting technology and AI sectors have largely remained unchanged.
- The market closed the week on an optimistic note backed by Apple’s $100 billion US investment pledge and growing expectations for Federal Reserve rate cuts.
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The main stock indexes of New York City (Wall Street) registered increases in the session that led the Nasdaq to reach new historical peaks, in view of the expectation that an agreement could be reached in the geopolitical conflict between Russia and Ukraine, while the operators continued to assimilate the quarterly reports.The increments were led by the Nasdaq with 0.98 percent, in the 21,450.02 integers, the S&P 500 with 0.78 percent more was …
Nasdaq posts record closing high with tech gains, rate cut optimism
U.S. stocks ended higher and the Nasdaq notched a record closing high for the second straight day on Friday as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts.
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