Nasdaq Composite Hits New Record High as Tech Stocks Lead Rally
Jan 22 2021 · 10:35 UTC | Updated
Jan 22 2021 · 10:46 by Bhushan Akolkar · 2 min read
Photo: Depositphotos
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Wall Street remains optimistic about the earnings reports of top tech companies coming next week. While tech leads Nasdaq, the market maintains caution on the hope of approval of the next stimulus bill. Unemployment insurance claims drop for the week ending January 16.
On Thursday, January 21, Nasdaq Composite (INDEXNASDAQ: .IXIC) surged 74 points to hit a new record high of 13,530.92. The tech-heavy index surged on the backing of a strong rally in the tech stocks.