Where Stock Market Is Headed After Wild First Half: Five Charts
- Nasdaq 100 Index on track for best first half to a year ever
- Strong gains through June historically bode well for the year
The Nasdaq MarketSite in New York.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
As a dizzying first half for US stocks draws to a close, the Nasdaq 100 Index is poised for its best opening six months to a year ever, and Wall Street is growing concerned that the Federal Reserve will derail the rally.
Optimism that the US central bank is approaching the end of its tightening campaign helped transform the technology-heavy gauge from 2022’s market underachiever to 2023’s early champion, with a surge of 36% erasing last year’s 33% slump.