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Nasdaq-100 Price Hits All-time High after 4 Straight Months of

By A Mystery Man Writer
Last updated 16 Sept 2024
Nasdaq-100 Price Hits All-time High after 4 Straight Months of
The Nasdaq-100 index is holding above 18,000 today following yesterday's bullish momentum, fueled by inflation news.
The Nasdaq-100 index is holding above 18,000 today following yesterday's bullish momentum, fueled by inflation news. The PCE consumer spending index amounted to 0.4% on a monthly basis, which was in line with analysts' expectations. A year ago, we recall, it was 0.6%. Thus, statistics indicate a weakening of inflation which means that the likelihood of the Fed cutting interest rates increases — the anticipation of this event increases optimism in the stock market. Another driver is the strong
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