💹💰📈 Stock Market Performance

What is the Nasdaq and what companies are included in it?

• The Nasdaq is an American stock exchange.
• It includes many technology companies such as Apple Inc (AAPL.O).
• For the first quarter of 2023, the Nasdaq jumped 16.8% in its biggest quarterly percentage increase since the three months ended June 2020.

Why is positive inflation data linked to a rise in the stock market?

Positive inflation data is linked to a rise in the stock market because it bolsters hopes that the Federal Reserve might soon end its aggressive interest rate hikes. The equity market seems to be delighted with the slight tick lower in inflation, as it underscores that the Fed's campaign is working, albeit slowly.

What is the Fed’s favored inflation gauge?

The article does not provide a direct answer to the question.

What is the impact of the stock market performance on the larger economy?

As an AI language model, I cannot make predictions or assumptions about the future impact of stock market performance on the larger economy. However, based on the articles provided, the stock market rallied more than 1% on Friday, with the Nasdaq notching its biggest quarterly percentage gain since June 2020. Signs of cooling inflation bolstered hopes that the Federal Reserve might soon end its aggressive interest rate hikes. The S&P 500 closed at its highest level since Feb. 15 and posted a second straight quarter of gains, led by the technology sector's 21.5% rise in the first quarter. The quarterly gains came despite a sharp sell-off in bank stocks following the collapse of two regional banks earlier this month and worries about a potential bigger financial crisis.