Nasdaq-100 Index Hits Milestone with 10th Consecutive Green Day Amid Fed Meeting
In the latest market update on News Brewery, the Nasdaq-100 Index is on a remarkable streak, seeking its 10th consecutive day in the green as the Federal Reserve meeting kicks off today.
The Nasdaq-100 Index is showing impressive resilience as it aims for yet another day of gains amidst the start of the Fed meeting. Investors are closely monitoring the central bank's discussions and any potential clues on future monetary policy decisions.
Technology stocks have been particularly strong, driving the Nasdaq-100 higher and contributing to its extended winning streak. The positive sentiment in the market is also supported by the overall optimism surrounding economic recovery and corporate earnings.
As the Fed meeting unfolds, market participants are anticipating insights into the central bank's outlook on inflation, interest rates, and the overall economic trajectory. Any hints of policy shifts could have significant implications for the stock market in the coming days.