The Nasdaq index, which tracks the value of high-tech stocks, rose a record 11% in January, showing its best performance since 2001. Bigtech shares are gradually rising in price against the backdrop of slowing inflation in the United States.
In January 2022, the Nasdaq gained 11%, posting its best monthly performance in 22 years. In 2001, against the backdrop of a US tech boom, the index jumped 12.2%.
Analysts cited slowing US inflation, relatively positive forecasts of a possible recession and the likelihood of a reduction in rate hikes from the US Federal Reserve as the reason for the strong Nasdaq recovery.
Author:
Kirill Bilyk
Source: RB
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