*NASDAQ BOOKS BEST FIRST HALF SINCE 1983 AMID TECH RALLY, APPLE FINISHES WEEK AS FIRST-EVER U.S. COMPANY WITH $3 TRILLION MARKET CAP $QQQ $AAPL
- Wall Street's three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time.
Investors perked up for the last day of the second quarter on signs of cooling U.S. inflation from measures that are closely watched by the Federal Reserve. The data fueled hopes the Fed could be near the end of its rate-hiking cycle. It helped that Treasury yields fell in response to cooling inflation, said Burns McKinney, portfolio manager at NFJ Investment Group in Dallas, Texas.
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Wall St rallies; Nasdaq hits 40-year milestone, Apple scales $3 trillionWall Street's three major indexes advanced solidly on Friday, with the tech-heavy Nasdaq boasting its biggest first-half gain in 40 years as inflation showed signs of cooling while Apple closed with a $3 trillion market valuation for the first time.
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