Nasdaq nearly breaks record high as stocks struggle: Yahoo Finance

In a week filled with volatility and uncertainty, the Nasdaq managed to defy the odds and close near a record high on Friday. The tech-heavy index surged 1.22% to finish just shy of its all-time high, despite a rollercoaster ride for stocks throughout the week.

Investors were on edge as fears of inflation and rising interest rates continued to weigh on the market, leading to sharp sell-offs and wild swings in stock prices. However, the Nasdaq managed to buck the trend and end the week on a positive note.

Tech giants like Apple, Amazon, and Microsoft led the charge, with strong earnings and solid performance helping to propel the index higher. Investors were also encouraged by positive economic data and signs of a potential recovery in the labor market.

Despite the Nasdaq’s strong performance, the broader market struggled, with the S&P 500 and Dow Jones Industrial Average both ending the week in negative territory. The mixed results underscored the ongoing uncertainty facing investors as they navigate a rapidly changing economic landscape.

Looking ahead, analysts are cautiously optimistic about the market’s prospects, noting that while volatility may persist in the short term, the long-term outlook remains positive. With earnings season in full swing and economic data continuing to improve, investors will be closely watching to see how the market reacts in the coming weeks.