Skip to main content

Featured

Trump Proposes Closing Department of Education via Executive Action

                                     In a bold move, U.S. President Donald Trump has announced his intention to dismantle the Department of Education through executive action. Trump, who has long criticized the federal government's role in education, believes that states should have more control over their schools. During a press conference in the Oval Office, Trump stated, "We spend more per pupil than any other country in the world, and we’re ranked at the bottom of the list. What I want to do is let the states run schools." Despite acknowledging that an executive order would face significant challenges, Trump expressed his preference for working with Congress and teachers' unions to achieve this goal. The proposed dismantling of the Department of Education has sparked a debate about the future of federal involvement in education. Critics argue that eliminating the depart...
Post a Comment
Read more
Labels

Nasdaq 100 Surges as Investors Bet on Fed Rate Cuts in 2024


The Nasdaq 100 index, which tracks the performance of the largest technology companies in the US, is on track to post its best annual return since the dot-com bubble of 2000, as investors anticipate the Federal Reserve to lower interest rates next year amid slowing economic growth.

The index has gained more than 30% this year, outperforming the broader S&P 500 index, which is up about 25%. The Nasdaq 100 is also close to its all-time high reached in February 2022, before the coronavirus pandemic triggered a global market sell-off.

The rally in tech stocks has been fueled by expectations that the Fed will cut rates as early as March 2024, following a series of weak economic data and rising inflation pressures. The Fed has signaled that it is ready to act if the economy falters, and traders have stepped up bets on rate cuts, according to Fed swaps pricing.

Some analysts believe that lower interest rates will benefit tech companies, which tend to have higher growth prospects and lower debt levels than other sectors. Lower rates also make future earnings more valuable, boosting the valuation of tech stocks.

However, not everyone is convinced that the tech rally will last. Some investors are wary of the high valuations of some tech companies, especially those that have not yet turned a profit. Others are concerned about the potential impact of regulatory scrutiny, trade tensions, and competition on the tech sector.

The Nasdaq 100 index is composed of 103 companies, with the top five being Apple, Microsoft, Amazon, Alphabet, and Facebook. These five companies account for more than 40% of the index’s weight, making it vulnerable to any shifts in their performance or sentiment.

Labels:

Comments

Post a Comment

Popular Posts