Hawkish Fed Can’t Stop Nasdaq’s Record Tech Rally – What It Means for Investors
The Federal Reserve cut interest rates by a quarter-point but signaled no guarantee of further easing in December, prompting traders to temper expectations. Tech earnings sent the Nasdaq to a 4.7% October gain, its longest winning streak since 2018, while Amazon shares hit a record high. A U.S. government shutdown delayed key economic data, forcing reliance on private reports.