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ETFs Gaining Momentum as Nasdaq Tops 20000
NDAQNasdaq(NDAQ) ZACKS·2024-12-12 16:00

The tech-heavy Nasdaq Composite Index topped the 20,000 milestone for the first time, powered by a sustained rally in technology stocks. Artificial intelligence (AI) optimism and expectations of a favorable regulatory environment drove the tech-heavy index to new heights. The milestone occurred just a few weeks after the index crossed 19,000 in early November.The Nasdaq Composite Index is up more than 33% this year, outperforming other major indices.  As such, the ETFs tracking the index have gained momentu ...