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Nasdaq 100 Notches Record Daily Close, Boosted By Mega-Cap Giants, Fed Rate Cut Optimism

The tech-heavy Nasdaq 100 Index closed Tuesday’s session at 20,011 points, rallying 1% and marking the highest daily closing price ever recorded, Shares of Microsoft Corp. (NYSE:MSFT), Apple Inc. (NASDAQ:AAPL), and Inc. (NASDAQ:AMZN) – together comprising 20% of the tech index’s total weight – all reached fresh all-time highs during Tuesday’s trading session. Investors showed strong confidence in mega-cap tech giants, with nine out of the 10 largest stocks within the Nasdaq 100 closing in positive territory. The sole exception was Nvidia Corp. (NASDAQ:NVDA), which fell by 1.4%. Fed Chair Powell Bolster Rate Cut ...