NASDAQ Surges to New Highs on Tech Momentum Ahead of Fed Rate Decision
• NASDAQ hits new intraday high, surpassing 16,212 points • Recent rally fueled by tech giants like Nvidia • Investors considering market impact of Fed's next policy decision • Apollo Global economist expects Fed won't cut rates in 2024, surprising Wall Street • Transition in rally focus from AI to other factors like earnings, balance sheets, profitability