The stock market enjoyed a significant rally today, with the tech sector leading the charge. The Nasdaq Composite jumped 3.8%, while the S&P 500 rose 2.5%, reaching record highs.
Investors welcomed the Federal Reserve’s decision to keep interest rates unchanged, along with positive economic data indicating strong job growth and consumer spending. Tech giants like Apple, Microsoft, and NVIDIA were among the top gainers, driven by robust earnings and advancements in AI technology.
“Today’s rally underscores the resilience of the economy and the transformative power of technology,” said Michael Brown, Senior Market Analyst at Global Insights. “However, investors should remain vigilant as external factors could impact market stability.”
