Nasdaq Surges Past 20,000 Amid Big Tech Rally and Tesla's Record High
Originally Published 1 year ago — by CNBC
Asia-Pacific markets mostly rose following Wall Street's gains, with the Nasdaq hitting a record high after U.S. inflation data met expectations. Australia's unemployment rate unexpectedly fell to 3.9% in November. Japan's Nikkei and South Korea's Kospi saw significant gains, while China's CSI 300 remained flat. In the U.S., hopes for a Federal Reserve interest rate cut grew as inflation data aligned with forecasts, boosting tech stocks like Nvidia and Tesla. Meanwhile, a Reuters survey indicated most Japanese firms expect negative impacts from Trump's presidency.