Tesla Inc., Nvidia Corp. Lead Tech Stocks Surge After Fed Rate Cut

Thursday, 19 September 2024, 21:17

Tesla Inc. and Nvidia Corp. propelled tech stocks to a stunning rise following the Federal Reserve's interest rate cut. The Nasdaq gained 2.5% as technology shares reacted positively. This report highlights significant advancements by major players in the tech sector, including Amazon.com Inc. and Advanced Micro Devices Inc.
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Tesla Inc., Nvidia Corp. Lead Tech Stocks Surge After Fed Rate Cut

Big Moves in Tech Stocks Post Rate Cut

Following the Federal Reserve's interest rate cut, tech stocks had a slightly delayed rally but jumped on Thursday, with the Nasdaq climbing 2.5%. Major players like Tesla Inc. and Nvidia Corp. were at the forefront of this surge.

Key Contributors

  • Amazon.com Inc.
  • Advanced Micro Devices Inc.
  • Alphabet Inc.
  • Meta Platforms Inc.
  • Microsoft Corp.

These companies contributed significantly to the market's performance, showcasing a renewed investor interest in technology, particularly after the Fed's decision to lower rates.

Outlook for the Market

With this breakthrough, analysts predict a favorable outlook for tech stocks moving forward. Investors are keenly watching companies like Broadcom Inc. and Oracle Corp. as potential next movers in the sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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