The Nasdaq Composite climbed 1.04% on Tuesday to close at 18,987.47, driven by strong gains in technology stocks, particularly Nvidia, which surged nearly 5% ahead of its upcoming earnings report.
The Nasdaq Composite gained 0.6% on Monday, closing at 18,791.81, as Wall Street recovered from a challenging week.
Stocks declined sharply on Friday as postelection optimism faded and concerns about Federal Reserve policy and inflation dampened sentiment.
U.S. stocks dipped on Thursday as Federal Reserve Chair Jerome Powell’s cautious stance on rate cuts weighed on investor sentiment.
The S&P 500 and the Dow Jones Industrial Average closed near flat on Wednesday as the post-election rally appeared to lose momentum.
Stocks declined on Tuesday as the post-election rally slowed.
The Dow Jones Industrial Average surged over 300 points on Monday, closing at a record 44,293.69 and marking the first time it has crossed the 44,000 mark.
The stock market reached new heights this Friday, capping off its strongest week in a year following Donald Trump’s recent election victory.
On Thursday, the S&P 500 and Nasdaq both continued their upward trend, buoyed by positive sentiment following President-elect Donald Trump’s win and the Federal Reserve's latest rate cut.