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US financial markets: NASDAQ aggregate to time breaking Big Tech growth stocks

Microsoft increased by 1.1%, so for the first time, its share market was temporarily invading $2 trillion, while both Apple and Amazon surged more than 1%.

On Tuesday the leading US inventory indices finished higher, with the NASDAQ Composite ending at a historic high with another rise. This shift has been fuelled by increasing interest in Amazon, Microsoft, and other leading technology firms in terms of investment in growth stocks.

Throughout his congressional testimony, Jerome Powell, Federal Reserve President, stated no intention of upsetting investors but reaffirmed the intention of the US central bank to foster a "large and integrative" job-market recuperation and not to increase interest rates too rapidly, only fueled by fear of coming inflation.

The previous week the Fed adopted a position on prospective rate increases that struck some investors who regarded the action as more assertive than anticipated. 

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The price movement of today in conjunction with Powell's statement shows that his gentle tone on future rate rises has been intended to create confidence among the markets following an agreement amongst investors that last week labeled the Fed's statements as a change from dovish to hawkish.

US Cash Market Performance :

The S&P 500 index ended at 4246,44 on the U.S. money markets on Tuesday, up 21.65 or +0.51%. Standard of 33945.58 was the blue-chip Dow Jones Industrial, up 69.61 or +0.20% whereas the technical heavy NASDAQ Composite concluded at 14253.27 and up 111.79 or +0.79%.

"We are not going to preempt raising interest rates because we worry that inflation could begin. In the appearance before a U.S. House of Representatives, Powell stressed that we will watch for proof of genuine inflation or other imbalances.”

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Active Stocks :

Microsoft climbed 1.1 percent and for the first time, its stock value violated temporarily $2 trillion, with far more than 1 percent each rallying Apple, Facebook, and Amazon.

As per the Adobe Digital Economy Measure, Amazon had overall online sales of more than 5.6 billion dollars in the US on the first day of its Prime promotion event.

GameStop soared 10% as the video game retailer claims it generated more than $1 billion in its most recent share sale, further reflecting Reddit's stock price rise this year.

After J.P. Morgan boosted her price estimate on the stock after a source informed Reuters that the poultry supplier was considering a sale, Sanderson Farms came to a record-hight of 10 percent.

Twitter has achieved nearly 3 percent higher than that, as the social network strives to provide users with more money to get the process for new media subscription and Ticketing Features.

Moderna Inc. gained 6.3 percent after the European Union agreed to opt for 150 million extra COVID-19 vaccinations under the contract agreement with the pharma company, Reuters reported. 

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