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Stock market today: Nasdaq hits a record high as mega-cap tech surges before the Fed meeting kicks off

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After Wednesday's rate decision, investors will watch the Friday morning release of November PCE data, which will help inform future Fed policy.
The article from Business Insider discusses the stock market's performance on December 12, 2024, highlighting a significant surge in the Nasdaq, which hit a record high. This was largely driven by mega-cap tech stocks like Apple, Microsoft, and Amazon, which saw substantial gains. The market's optimism was fueled by expectations around the Federal Reserve's upcoming meeting, where investors anticipated signals on future interest rate decisions. Despite some sectors experiencing volatility, the overall market sentiment was positive, with investors betting on continued growth in technology and AI sectors. The article also notes that while the Fed is expected to maintain current rates, any dovish comments could further propel the market rally.

Read the Full Business Insider Article at:
[ https://markets.businessinsider.com/news/stocks/stock-market-today-nasdaq-record-mega-cap-tech-fed-meeting-2024-12 ]