Tech-heavy Nasdaq on Track for Major Weekly Growth in 2024
Friday, 13 September 2024, 11:59
Tech-heavy Nasdaq's Impressive Weekly Jump
In the latest trading session, the Nasdaq was climbing by 0.5%, indicating an exceptional trajectory this week. It's projected to see a remarkable rise of 5.8% for the week, marking its biggest weekly jump since November, according to FactSet data.
Other Major Indices' Performance
- The Dow was also performing well, up about 0.7% on Friday, indicating a weekly gain of 2.5%.
- The S&P 500 followed suit, advancing by 0.4% on Friday, positioning it for a weekly gain of 3.9%.
Market Trends and Implications
This surge in the Nasdaq, along with positive movements in the Dow and S&P 500, demonstrates increasing investor confidence in the tech sector and broader market trends.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.