Economic TimesLean R·
US stocks: Nasdaq hits intraday record as tech stocks regain momentum
On Tuesday, the Nasdaq Composite surged to a new intraday record high, buoyed by a rebound in technology stocks and declining oil prices that enhanced market confidence. Notably, chipmaker AMD saw its valuation exceed one trillion dollars, lifting semiconductor stocks alongside it. The rally marks a notable recovery for the tech-heavy Nasdaq index, after other major indices hit record highs in August.
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