๐ The Nasdaq Composite closed at a record 27,244.28 on 22โฆ
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๐ The Nasdaq Composite closed at a record 27,244.28 on 22 September, rising 0.45% for its second straight record close. Reuters reported that gains in AI-related chip shares helped drive the technology-heavy index higher.
Micron Technology rose 5% and SanDisk gained nearly 7% as investors continued to focus on demand tied to artificial intelligence. The S&P 500 was essentially flat, while the Dow Jones Industrial Average fell 0.36%, underscoring mixed trading beyond the Nasdaq.
The move came as oil traded near $100 a barrel and the benchmark 10-year Treasury yield stood around 4.94%. Consumer-facing software and service stocks were less uniform, with some falling amid concern over Meta Platformsโ newly launched AI assistant.
The Nasdaq Composite tracks eligible common-type securities listed on the Nasdaq Stock Market and is broader than the Nasdaq-100. Its record close highlights how gains in large AI-linked companies can materially affect a market-capitalization-weighted index. ๐ป
https://nutanica.com/Nasdaq_Composite
Micron Technology rose 5% and SanDisk gained nearly 7% as investors continued to focus on demand tied to artificial intelligence. The S&P 500 was essentially flat, while the Dow Jones Industrial Average fell 0.36%, underscoring mixed trading beyond the Nasdaq.
The move came as oil traded near $100 a barrel and the benchmark 10-year Treasury yield stood around 4.94%. Consumer-facing software and service stocks were less uniform, with some falling amid concern over Meta Platformsโ newly launched AI assistant.
The Nasdaq Composite tracks eligible common-type securities listed on the Nasdaq Stock Market and is broader than the Nasdaq-100. Its record close highlights how gains in large AI-linked companies can materially affect a market-capitalization-weighted index. ๐ป
https://nutanica.com/Nasdaq_Composite
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