NEW YORK / LONDON (IT BOLTWISE) – On Wall Street, technology stocks are enjoying a remarkable run, led by NVIDIA, as investors look ahead to the Fed’s upcoming interest rate decision. The Nasdaq 100 rose 0.84 percent, setting a new high not seen in weeks. This development reflects a recurring willingness to take risks among investors who are hoping for a possible interest rate cut.
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Wall Street is showing its dynamic side this week, especially in the technology sector, represented by the Nasdaq 100. After a rather cautious start to the week, investors rediscovered their buying mood on Tuesday, which led to an increase in the Nasdaq 100 by 0.84 percent. This development was largely influenced by the positive performance of NVIDIA shares, which catapulted the index to a new high that had not been reached in almost three weeks.
While the technology sector is thriving, the broader market is a little more cautious. The S&P 500 gained 0.25 percent, while the Dow Jones Industrial recorded growth of 0.39 percent. The recovery in the aerospace sector was particularly notable, led by a significant share price recovery in Boeing. These developments indicate a return to risk-taking among investors, who are now more optimistic about the future after a disappointing start to December.
Another factor influencing the markets is the upcoming interest rate decision by the US Federal Reserve. Investors are eagerly awaiting the announcement, which is expected to take place next week. There is speculation that the Fed could consider another rate cut, which would further fuel optimism in the markets. This expectation is also reflected in the recovery of cryptocurrencies, whose prices were under pressure at the beginning of the week.
The current market situation shows how strongly investors’ expectations can influence movements on the stock market. Hopes of a rate cut have revived buying sentiment on Wall Street, particularly in the technology sector. This dynamic could continue if the Fed actually announces monetary easing. In the meantime, it remains to be seen how the markets will perform in the coming days as investors continue to hope for positive signals from the economy.
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