{"id":886899,"date":"2024-12-12T08:58:53","date_gmt":"2024-12-12T03:28:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=886899"},"modified":"2024-12-12T09:09:49","modified_gmt":"2024-12-12T03:39:49","slug":"stunning-rally-in-big-tech-drives-nasdaq-to-20000","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/12\/12\/stunning-rally-in-big-tech-drives-nasdaq-to-20000\/","title":{"rendered":"Stunning rally in Big Tech drives Nasdaq to 20,000"},"content":{"rendered":"<p>NEW YORK, Dec 11 (Reuters) &#8211; The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks. <\/p>\n<p>The tech-heavy index is up more than 33% on the year, driven by a cluster of giant technology-focused companies including Apple, Nvidia, Google-parent Alphabet and in recent weeks, electric carmaker Tesla. Wednesday\u2019s gains came after a U.S. inflation report that cemented expectations of a Fed rate cut next week.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW YORK, Dec 11 (Reuters) &#8211; The Nasdaq Composite Index hit 20,000 for the first time on Wednesday, putting an exclamation point on a year in which excitement over artificial intelligence and expectations of falling interest rates fueled a searing rally in technology stocks. The tech-heavy index is up more than 33% on the year, driven by a cluster of giant technology-focused companies including Apple, Nvidia, Google-parent Alphabet and in recent weeks, electric carmaker Tesla. Wednesday\u2019s gains came after a U.S. inflation report that cemented expectations of a Fed rate cut next week.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-886899","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/886899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=886899"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/886899\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=886899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=886899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=886899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}