Published On Sep 11, 2024, 9:34 AM
The Nasdaq and S&P 500 saw significant gains today, rebounding from a decline following the Consumer Price Index (CPI) report. A key player in this recovery was Nvidia, which experienced a strong performance and positively influenced investor sentiment across the tech sector. The bounce back hints at resilience among tech stocks, suggesting that investors are regaining confidence after recent economic data.
Given Nvidia's strong performance and its influence on tech stocks, the broader tech sector may continue to experience upward momentum. Companies associated with artificial intelligence and semiconductors might benefit from this renewed interest and investment.
Positive
With the macroeconomic environment still uncertain, investors might also consider ETFs like the Invesco QQQ Trust, which tracks the Nasdaq-100 index, as a way to capitalize on the potential growth in tech stocks.
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
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