Feb 29, 2024 - Business
The Nasdaq just hit a new high for the first time since 2021
Add Axios as your preferred source to
see more of our stories on Google.
The Nasdaq Composite index closed at a new high on Thursday, for the first time in over two years.
Why it matters: Investor hopes for interest rate cuts have lifted stocks out of a long bear market.
- Fresh inflation data out Thursday morning was in line with expectations, helping fuel a nearly 1% gain for the tech-heavy index.
Zoom out: The broad S&P 500 index also hit a record high Thursday. It surpassed its 2022 high last month.
