Tech-heavy Nasdaq ignores hawkish Fed news to advance

Tech-heavy Nasdaq ignores hawkish Fed news to advance

The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri/File Photo

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June 17 (Reuters) – The Nasdaq jumped on Thursday, at one point approaching its lifetime intraday high set in April, as U.S. technology stocks gained on optimism around a speedy economic recovery.

The performance of the tech-heavy Nasdaq was in stark contrast to the S&P 500 and Dow, which slumped as investors…

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Tech-heavy Nasdaq ignores hawkish Fed news to advance

 

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