The Nasdaq 100 index came within striking distance of breaching the historic milestone of 20,000 for the first time.
It reached an intraday high of 19,979.93 or just 20 points shy of 20,000 last Thursday, June 20. The tech-heavy gauge’s ascent was fueled by continued enthusiasm for big tech and artificial intelligence stocks which pushed US equities to new heights. Despite encountering resistance, the index closed at 19,700.43, posting a 0.21 percent gain for the week even as tech-leader Nvidia eased from all-time highs.The S&P 500 also set a fresh record after briefly passing the 5,500 barrier.
Nvidia’s historic move – adding two trillion dollars in market cap in just the past year – parallels the historic rise of tech giants like Apple, Microsoft, Amazon, and Google, but at an unprecedented pace. This accelerated trajectory characterizes the breakneck speed at which AI is advancing globally and being adopted across industries.
The Department of Tourism said that it will continue its efforts in attracting other tourist markets aside from China following... Angel’s Pizza, the popular pizza chain of the Figaro Coffee Group Inc. , plans to eventually spread its wings abroad while also ramping up its bid to become the country’s number one pizza brand...
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