Published on 6 Jul 2023 on Insider Monkey via Yahoo Finance

15 Best NASDAQ Stocks To Buy Today

In this piece, we will take a look at 15 best NASDAQ stocks to buy today. If you want to skip our analysis of the stock market, market indexes, and recent developments, head on over to 5 Best NASDAQ Stocks To Buy Today.

The U.S. economy finally appears to be stabilizing. Throughout 2023, worries of a recession have plagued investor minds as many worried that the Federal Reserve had gone too far in its interest rate hikes. However, June dealt markets a nice surprise as the Commerce Department upgraded its estimates for the first quarter of 2023's GDP growth. This third revision showed that the economy had posted an annual growth rate of 2% in Q1 2023, up by 70 basis points (0.7%) from the previous estimates.

This data came as two and a half days of trading were left before the 4th of July holiday, and after opening at 13,592 on the day of the release, the NASDAQ Composite index closed at 13,816 the day before the holiday to pocket a modest 1.6% growth. The effect of this release was also reflected in the currency markets, with the U.S. dollar tumbling against major currencies as investors readjusted their sentiments of potential interest rate hikes from the Federal Reserve.