Nasdaq Hits Record Highs Ahead of Key Inflation Data

The Nasdaq Composite reached a new record intraday high amid strong gains in technology stocks such as Broadcom, Nvidia, Meta, Amazon, and Microsoft, driven largely by enthusiasm surrounding AI advancements and infrastructure investments. Investors are optimistic about upcoming inflation data and expect the Federal Reserve to potentially cut interest rates, which has bolstered market momentum despite recent weaker jobs reports. The technology sector is leading gains across major indexes, while interest-rate sensitive sectors like real estate have lagged. Technical analysis shows the Nasdaq remains resilient, holding key moving averages and maintaining bullish momentum despite occasional pullbacks and profit-taking. Market sentiment reflects confidence in continued innovation and strong corporate earnings within the tech-heavy index, supported by expectations of easing monetary policy. However, some caution persists due to the potential volatility ahead of key economic reports and the Federal Reserve's policy decisions.