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Nasdaq Breaks Three-Day Losing Streak with 0.13% Gain as Tech Investors Return
The Nasdaq Composite ended higher at 22,900.59, rising 0.13% and snapping a three-day decline as investors bought into oversold technology stocks after a sharp market selloff. The Technology Select Sector SPDR Fund also advanced 0.5%, reflecting renewed interest in large-cap and semiconductor names. Analysts pointed to stabilizing sentiment following recent volatility, although broader caution persisted due to macroeconomic concerns and shifting Fed rate-cut expectations. Despite the modest rise, the rebound signaled resilience in tech-heavy benchmarks ahead of key earnings releases.
Cnbctv18• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
positive
Nasdaq Breaks Three-Day Losing Streak with 0.13% Gain as Tech Investors Return
The Nasdaq Composite ended higher at 22,900.59, rising 0.13% and snapping a three-day decline as investors bought into oversold technology stocks after a sharp market selloff. The Technology Select Sector SPDR Fund also advanced 0.5%, reflecting renewed interest in large-cap and semiconductor names. Analysts pointed to stabilizing sentiment following recent volatility, although broader caution persisted due to macroeconomic concerns and shifting Fed rate-cut expectations. Despite the modest rise, the rebound signaled resilience in tech-heavy benchmarks ahead of key earnings releases.
Cnbctv18• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
1 min read
80 words
Nasdaq rose 0.13% to 22,900.59, ending a three-day slide as investors bought beaten-down tech stocks and sector sentiment improved slightly.
The Nasdaq Composite ended higher at 22,900.59, rising 0.13% and snapping a three-day decline as investors bought into oversold technology stocks after a sharp market selloff. The Technology Select Sector SPDR Fund also advanced 0.5%, reflecting renewed interest in large-cap and semiconductor names. Analysts pointed to stabilizing sentiment following recent volatility, although broader caution persisted due to macroeconomic concerns and shifting Fed rate-cut expectations. Despite the modest rise, the rebound signaled resilience in tech-heavy benchmarks ahead of key earnings releases.
The Nasdaq Composite ended higher at 22,900.59, rising 0.13% and snapping a three-day decline as investors bought into oversold technology stocks after a sharp market selloff. The Technology Select Sector SPDR Fund also advanced 0.5%, reflecting renewed interest in large-cap and semiconductor names. Analysts pointed to stabilizing sentiment following recent volatility, although broader caution persisted due to macroeconomic concerns and shifting Fed rate-cut expectations. Despite the modest rise, the rebound signaled resilience in tech-heavy benchmarks ahead of key earnings releases.
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