(Reuters) -The Nasdaq hit a record high on Friday, as investors piled into technology companies on optimism around artificial intelligence and the prospect for looser monetary policy, putting the index on track to confirm a bull market. The tech-heavy index was last up 0.4% at 20,243 points, surpassing its record high of 20,204 on December […]
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Nasdaq hits record high, on track for a new bull market
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(Reuters) -The Nasdaq hit a record high on Friday, as investors piled into technology companies on optimism around artificial intelligence and the prospect for looser monetary policy, putting the index on track to confirm a bull market.
The tech-heavy index was last up 0.4% at 20,243 points, surpassing its record high of 20,204 on December 16. It had tumbled 26.8% from its previous peak, marking a bear market days after Trump’s “Liberation Day” reciprocal tariffs on April 2.
(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)