BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Nasdaq 100 Hits Record High Amid AI Optimism and Rising Rate Cut Expectations
Nasdaq 100 Hits Record High Amid AI Optimism and Rising Rate Cut Expectations
15
2
BTCCSquare news:
The Nasdaq 100 surged to an all-time intraday high of 23,988.27 as investor enthusiasm for artificial intelligence and growing bets on a 50 basis point rate cut by the Federal Reserve fueled market momentum. Nvidia, the index's largest component, climbed 6% over five days, while Broadcom outpaced with a 58% year-to-date gain.
Labor market fragility emerged as a key catalyst, with jobless claims spiking to 263,000—the highest since October 2021. CME's FedWatch tool now prices an 11.1% probability of a half-point cut at September's FOMC meeting, up from zero last week. The semiconductor sector continues to lead equity markets, with AI-related stocks commanding premium valuations.
By:
