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Nasdaq Closes at New All-Time High Ahead of Key 'Magnificent 7' Earnings

The tech-heavy index reached record levels as investors await earnings reports from major technology companies within the so-called 'Magnificent 7'.

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Terms & Concepts
  • Nasdaq Composite: A stock market index of over 3,000 companies listed on the Nasdaq stock exchange, heavily weighted toward technology firms.
  • Magnificent 7: A group of seven large-cap technology and growth companies that have significantly influenced recent stock market performance.