The Nasdaq 100 hits a new high due to the return of FOMO in AI
El índice de amplio contenido tecnológico se recupera de las fuertes ventas registradas este verano. Leer
The Nasdaq 100 index reached a record high on Tuesday, driven by a decline in oil prices and optimism about advancements in artificial intelligence. The index, heavily weighted towards tech giants, rose 0.8% to a new high, with Meta's shares surging 11.4% on Monday after the launch of its new AI model, Muse. Tech stocks have fluctuated since June, but analysts believe a trend of widespread growth in the sector may be emerging.
Oil prices fell, with Brent crude dropping 2.9%, and bond yields decreased, with the 10-year US Treasury yield down 0.01 points to 4.95%. Chipmakers, including Sandisk, Seagate Technology, and Western Digital, saw significant gains on Tuesday.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
