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NASDAQ Posts First Record Close in Two Years as Inflation Expectations Meet

Overview

On March 1, 2024, the NASDAQ marked a new milestone by closing at a record high for the first time in over two years. This significant achievement follows the release of key inflation data that aligned with market expectations.

Market Data and Insights

Prior Close: 3845908

041124 1 Day

DJIA: -124

SP 500: -146

Nasdaq: -162

1637946 -2006 -012

1000 AM

1030 AM

1100 AM

1130 AM

1200 PM

The robust performance of the Nasdaq reflects improving market sentiment and growing confidence in the economic outlook. The data release on inflation met expectations, easing concerns about potential interest rate hikes and supporting risk-taking appetite among investors.

This record-breaking close marks a significant milestone for the Nasdaq and signals a positive trend in the broader market. As analysts closely monitor economic data and corporate earnings, the trajectory of the market remains a key focus for investors in the coming weeks and months.

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