The tech-heavy index gained 2.9% on Wednesday and entered bull territory for the first time in 108 days. A bear market ends when an index rises 20% off of recent lows. The upward move was bolstered by a strong key inflation report which showed a better-than-expected slowdown for prices in the United States.

The Nasdaq is still down 19.9% from its record finish in November 2021. The S&P 500 also made news on Wednesday, hitting its highest level in three months. The Dow Jones Industrial Average is down 0.3% and the S&P 500 is up 0.4%.
Posted by PE peichmann
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