Tech Giants Lead Market Rally as Jobs Report Looms
Originally Published 2 years ago — by Investor's Business Daily
The stock market rebounded with big-cap tech companies leading the way, as major indexes approached 52-week highs. Advanced Micro Devices (AMD) and Google parent Alphabet (GOOGL) saw significant gains following their artificial intelligence announcements, positioning them to compete with Nvidia (NVDA) and Microsoft (MSFT) respectively. Other megacaps such as Apple (AAPL), Amazon.com (AMZN), and Meta Platforms (META) also reclaimed buy points. The November jobs report is expected to be released, which could impact Dow Jones futures and Treasury yields.