From Nasdaq: 2024-05-16 10:02:00

The latest CPI report shows U.S. consumer prices grew less than expected in April 2024, signaling a downward trend in inflation. The stock market reached record highs, with the S&P 500, Nasdaq, and Dow Jones all posting gains. Investors are eyeing growth opportunities in technology stocks, given the potential for interest rate cuts.

Tech companies like Alphabet, Datadog, Garmin, Salesforce, and CrowdStrike are poised for growth. Factors driving their performance include generative AI technology, cloud computing, data centers, and IoT. These companies are benefiting from strong demand for their products and services, making them attractive investment opportunities for investors seeking growth potential.



Read more at Nasdaq: Bet on These Top 5 Technology Stocks Amid Cooling Inflation