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Nasdaq Edges Higher After Breaking Three-Day Slide on Tech Buying Support
The Nasdaq Composite managed to close slightly higher at 22,900.59, snapping a three-session losing streak as investors selectively accumulated technology and AI-linked stocks. The modest 0.13% gain came after several sessions of weakness driven by valuation concerns and global rate uncertainties. Market participants observed stabilizing sentiment within high-beta tech names, which had faced sustained pressure earlier in the week. Although the recovery was limited, the improvement suggested renewed interest in oversold positions, with traders watching for catalysts that could influence broader momentum going into the next trading cycle.
CNBC• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
neutral
Nasdaq Edges Higher After Breaking Three-Day Slide on Tech Buying Support
The Nasdaq Composite managed to close slightly higher at 22,900.59, snapping a three-session losing streak as investors selectively accumulated technology and AI-linked stocks. The modest 0.13% gain came after several sessions of weakness driven by valuation concerns and global rate uncertainties. Market participants observed stabilizing sentiment within high-beta tech names, which had faced sustained pressure earlier in the week. Although the recovery was limited, the improvement suggested renewed interest in oversold positions, with traders watching for catalysts that could influence broader momentum going into the next trading cycle.
CNBC• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
1 min read
88 words
The Nasdaq rose 0.13% to 22,900.59, ending a three-day decline as selective buying in technology and AI-related stocks supported a mild recovery.
The Nasdaq Composite managed to close slightly higher at 22,900.59, snapping a three-session losing streak as investors selectively accumulated technology and AI-linked stocks. The modest 0.13% gain came after several sessions of weakness driven by valuation concerns and global rate uncertainties. Market participants observed stabilizing sentiment within high-beta tech names, which had faced sustained pressure earlier in the week. Although the recovery was limited, the improvement suggested renewed interest in oversold positions, with traders watching for catalysts that could influence broader momentum going into the next trading cycle.
The Nasdaq Composite managed to close slightly higher at 22,900.59, snapping a three-session losing streak as investors selectively accumulated technology and AI-linked stocks. The modest 0.13% gain came after several sessions of weakness driven by valuation concerns and global rate uncertainties. Market participants observed stabilizing sentiment within high-beta tech names, which had faced sustained pressure earlier in the week. Although the recovery was limited, the improvement suggested renewed interest in oversold positions, with traders watching for catalysts that could influence broader momentum going into the next trading cycle.
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