Nasdaq posts record closing high with tech gains, rate cut optimism

U.S. stocks ended higher and the Nasdaq notched a record closing high for the second straight day as technology-related shares, including Apple, gained and as investors were optimistic about potential interest rate cuts.

A fresh look at inflation trends will test the U.S. stock market’s rally in the coming week, with some investors saying equities are primed for a potential pullback after rocketing to records, as benchmark S&P 500 is near record highs