Nasdaq hits 20,000 for first time as AI rally rages on

Quick Summary:

The Nasdaq breached the 20,000-point mark on Wednesday, as a rally in technology stocks showed no signs of slowing on hopes of looser regulation under Donald Trump's presidency and bets on AI-fueled earnings growth in the coming quarters.

The tech-heavy index rose 1.6 per cent to an all-time high of 20001.

Currently, the three companies form the $3-trillion club, with the iPhone maker gaining a narrow lead.

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Category: EconomyBusiness

Markets: Singapore

Topics: Index Supported Hopes York Looser Donald Regulation Cent Technology Points Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 01:03:14 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 255 words

Reading Time: 2 minutes read

Sentences: 9 lines

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Copyright Owner: © Channel News Asia

News ID: 24357936

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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