The Nasdaq has started December strong, continuing its upward momentum from November, driven by a favorable market outlook. Key factors include cooling inflation, expectations of further Federal Reserve rate cuts, and robust earnings growth, particularly in the technology sector. Mega-cap tech stocks, such as Nvidia, Amazon, and Meta, remain leading contributors to the Nasdaq's strength, supported by bullish revenue growth predictions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.