Nasdaq breaks 20,000 record, while Dow drops 0.2%, amid hopes for Fed rate cut.

The Nasdaq Composite Index reached a historic milestone, closing above 20,000 for the first time, driven by strong performances from tech giants like Apple, Microsoft, and Amazon. Meanwhile, the Dow Jones Industrial Average slipped, falling 0.2%. Investors are optimistic about a potential rate cut from the Federal Reserve next week, following the latest CPI report showing inflation at 2.7%.

3 months ago
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