Does the Nasdaq Composite Still Have Room to Run?
Over the past couple of years, investors have rushed to get in on the next big thing in technology: artificial intelligence (AI). To do this, they've piled into shares of companies developing or using AI, and this movement has benefited the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC). The benchmark soared 84% from the start of 2023 through the end of last year.But, earlier this year, investor concerns about the impact of President Donald Trump's import tariffs on the economy halted that momentum, and the Nasdaq slid into bear territory. In recent weeks, though, investors have become more optimistic about growth amid certain encouraging signs -- for example, the U.S. reached an initial trade deal with China at lower-then-expected tariff levels.As a result, the Nasdaq has rebounded, erasing this year's losses and trading near its record high. Now, the question is, from here, does the Nasdaq still have room to run? Let's find out.Continue reading
Over the past couple of years, investors have rushed to get in on the next big thing in technology: artificial intelligence (AI). To do this, they've piled into shares of companies developing or using AI, and this movement has benefited the tech-heavy Nasdaq Composite (NASDAQINDEX: ^IXIC). The benchmark soared 84% from the start of 2023 through the end of last year.
But, earlier this year, investor concerns about the impact of President Donald Trump's import tariffs on the economy halted that momentum, and the Nasdaq slid into bear territory. In recent weeks, though, investors have become more optimistic about growth amid certain encouraging signs -- for example, the U.S. reached an initial trade deal with China at lower-then-expected tariff levels.
As a result, the Nasdaq has rebounded, erasing this year's losses and trading near its record high. Now, the question is, from here, does the Nasdaq still have room to run? Let's find out.
