Tech Stocks Surge to Record Highs Amid AI Optimism and Powell's Positive Economic Outlook
TL;DR Summary
Tech stocks continued to soar on Wednesday, with the Nasdaq 100 and S&P 500 reaching record highs, fueled by investor optimism in AI-driven growth. Amazon's shares hit new peaks due to strong holiday sales and AI advancements at its AWS conference. Despite mixed economic data and a cautious stance from the Federal Reserve on interest rates, the dollar weakened and U.S. Treasury yields steadied. Meanwhile, Bitcoin hovered just above $95,000, slightly down by 0.2%.
- Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday? Benzinga
- Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape' Yahoo Finance
- Tech rally, Powell comments boost indexes to record closing highs Reuters
- US stock futures just lower; consolidating after record closing levels Investing.com
- Dow Jones Rises 280 Points After Surprise Jobs Report, Powell Speech Next; Salesforce Soars On Earnings Investor's Business Daily
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