Economic data is also lightening up, along with earnings season, but not quite over.
A jump in bond yields weighed on the broader market.
Operating over 29 markets and centered in New York, the Nasdaq was the world's first automated stock exchange. With 2,500 companies+ on the Nasdaq and heavy exposure to the technology industry, it is no wonder that many companies in many investors' portfolios are brimming with companies trading on this exchange.
Invest in NVIDIA (NVDA), Alphabet (GOOGL) and Seagate Technology (STX) which are poised to make the most of the Nasdaq's upward movement banking on rate cut hopefulness.
NASDAQ stock (NASDAQ NASDAQ : NDAQ) has gained 7% YTD as compared to an 11% rise in the S&P500 index. Further, at its current price of $62 per share, it is almost 7% below its fair value of $67 – Trefis' estimate for NASDAQ's valuation.
Swedish electric vehicle firm Polestar said on Friday it received a deficiency notice from the Nasdaq stock exchange for not filing its annual report on Form 20-F with the U.S. securities regulator for the fiscal year ended Dec 31.