Published on 28 May 2024 on Zacks via Yahoo Finance
The Nasdaq rally is in full swing after a brief pause in April as concerns over inflation and uncertainty over rate cuts grew. However, Nasdaq has been the least impacted by these and has continued its dream run after a solid 2023.
On May 24, the tech-heavy Nasdaq closed at an all-time high of 16,920.79. This was Nasdaq’s 12th all-time high of 2024. In fact, Nasdaq has been driving the broader market rally since the past year.
Rally Driven by AI Optimism