Nasdaq Rises Slightly Amid Fed Hike Pressures
The Nasdaq Composite closed at 26,511.01 on Friday with an increase of 92.72 points or 0.35%, driven by a recovery in technology stocks following a midweek decline. The market faced pressure from rising Treasury yields that exceeded 5% and oil prices staying above $100 per barrel. Despite the broader economic challenges, software companies contributed to the Nasdaq's performance as investors sought growth opportunities within the tech sector. This week’s modest gain contrasts with ongoing concerns about inflation and interest rate hikes by the Federal Reserve affecting investor sentiment across stock markets.
Tickers: $CRWD
Topics: Nasdaq Composite oil prices technology stocks Treasury yields