Tesla, Netflix pull Nasdaq and S&P lower, Dow ends higher
The Nasdaq has surged about 34% this year to levels not seen since early April 2022, supported by a seemingly unstoppable rally in megacap growth names such as Nvidia and Meta on optimism over the potential of artificial intelligence, a U.S. economy that has proven more resilient than many anticipated and expectations the end of then Federal Reserve’s aggressive rate hike cycle was on the horizon.
