{"id":84878,"date":"2023-05-30T00:09:25","date_gmt":"2023-05-30T04:09:25","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=84878"},"modified":"2023-05-29T21:43:13","modified_gmt":"2023-05-30T01:43:13","slug":"the-tech-trade-is-back-driven-by-a-i-craze-and-prospect-of-a-less-aggressive-fed","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2023\/the-tech-trade-is-back-driven-by-a-i-craze-and-prospect-of-a-less-aggressive-fed.html","title":{"rendered":"The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed"},"content":{"rendered":"\n<p>(CNBC) Forget about the <a href=\"https:\/\/www.cnbc.com\/2023\/05\/26\/debt-ceiling-deal-developments.html\">debt ceiling<\/a>. Tech investors are in buy mode. The <a href=\"https:\/\/www.cnbc.com\/quotes\/.IXIC\/\">Nasdaq<\/a> Composite closed out its fifth-straight weekly gain last jumping 2.5% in the past five days, and is now up 24% this year, far outpacing the other major U.S. indexes. The S&amp;P 500 is up 9.5% for the year and the Dow Jones Industrial Average is down slightly.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/05\/26\/tech-stocks-are-back-driven-by-ai-craze-slowing-rate-hikes.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Forget about the debt ceiling. Tech investors are in buy mode. The Nasdaq Composite closed out its fifth-straight weekly gain last jumping 2.5% in the past five days, and is now up 24% this year, far outpacing the other [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84878","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=84878"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84878\/revisions"}],"predecessor-version":[{"id":84879,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/84878\/revisions\/84879"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=84878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=84878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=84878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}