The Latest Breaking News from Nasdaq

The stock market strengthened Friday afternoon but Nasdaq was the only major index to post a weekly gain.

The major indexes retreated, but pared weekly losses, especially the Nasdaq. Microsoft and Google are slashing jobs. Netflix and Tesla jumped.

Thanks to easing inflation and indications of lower interest rate hikes by the Federal Reserve, the Nasdaq composite could rebound after its freefall last year. Given this backdrop, fundamentally sound Nasdaq stocks Cisco Systems (CSCO) and Gilead Sciences (GILD) could be ideal buy-and-hold options in 2023. Keep reading….

A new Wedbush survey found that "76% of EV Chinese consumers are considering buying a Tesla in 2023".

The Dow Jones Industrial Average fell Friday ahead of housing data. Netflix stock surged after the company's stronger-than-expected subscriber growth.

The market rally suffered more damage as the S&P 500 fell below its 50-day line. Netflix subscriber growth easily beat. Google will cut 12,000 jobs.

Futures fell after the market reversed lower Wednesday on hawkish Fed comments and recession-like economic data.

Futures rose and yields fell as the Bank of Japan stayed dovish. The market rally paused while Tesla stock jumped. United Airlines, Moderna rose overnight. Microsoft job cuts loom.

The stock market closed mostly lower Tuesday as Goldman Sachs reported weak earnings. Tesla and technology stocks gained.

Insurance and bank stocks weighed on major stock market indexes. Gaming and entertainment stock soars.

Although macroeconomic headwinds kept the stock market under immense pressure last year, the declining inflation rates have increased investor optimism recently. Hence, quality Nasdaq stocks Comcast Corporation (CMCSA), Honeywell International (HON), and Biogen (BIIB) might be solid buys this year. Read on….