Nasdaq Back From Brink of Worst December Ever as Fed Angst Dims
- Tech gauge now poised for its worst December since 2018
- Falling Treasury yields, unemployment claims data fuel rebound
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It’s been a brutal year for technology stocks, but there’s a glimmer of hope. The group is now on track to avoid its worst December ever.
The Nasdaq Composite Index rallied 2.6% on Thursday, recovering from a selloff that pushed the index down 11% for the month. As of Wednesday’s close, the index was heading for its worst December since its inception in 1971.