U.S. stock index futures were muted on Friday after a rally in the previous session, driven by enthusiasm about the potential for artificial intelligence and an inflation reading that strengthened bets of interest rate cuts by June this year. The tech-heavy Nasdaq closed at a record high on Thursday, spurred by gains in AI-linked stocks such as heavyweight chip designer Nvidia and its rival Advanced Micro Devices, which hit an all-time peak.
The Nasdaq marked a record close, led by AI chip giant AMD. Dell led big earnings movers late. Here's what to do now.
Fred Alger Management, an investment management company, released its “Alger Spectra Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund outperformed the Russell 3000 Growth Index. The healthcare and communication services contributed to the fund’s relative performance in the quarter, while consumer staples and […]