Published On Nov 7, 2024, 2:20 PM
The Federal Reserve has announced a cut in interest rates, leading to a notable surge in the Nasdaq Index. Tech giants Nvidia and Amazon were highlighted as key contributors to this rally, contributing to investor optimism about the tech sector's growth potential.
With the Fed's rate cut improving liquidity and encouraging investment, stocks like Nvidia and Amazon are likely to see continued upward momentum as investors seek growth in the tech industry. The strong performance of these companies in a favorable economic environment supports a positive outlook for their stock prices.
Amazon's ongoing expansion in e-commerce and cloud services, along with favorable economic conditions after the Fed's rate decision, suggests that the company will maintain its growth trajectory, positively influencing its stock performance.
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Nov 7, 2024, 11:52 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.
Nov 7, 2024, 11:21 AM
Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.