Nasdaq-100 Surges as Tech Stocks Rally
The Nasdaq-100 Index surged by 3.3% on Thursday driven largely by strong performance from Microsoft and semiconductor stocks, signaling a broad-based rally in the technology sector. The broader Nasdaq Composite also gained ground with an increase of 2.6%. This upward movement followed the Federal Reserve's decision to hold interest rates steady one day prior, which appears to have boosted investor confidence. The tech-heavy index saw widespread gains across its components as investors reacted positively to a pause in rate hikes and potentially improved economic outlooks for growth stocks.
Tickers: $MSFT
Topics: Federal Reserve interest rates Nasdaq-100