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Up 27% In 2023, Is It Safe to Invest In the Nasdaq Right Now?

TheMotleyFool

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Up 27% In 2023, Is It Safe to Invest In the Nasdaq Right Now?: https://g.foolcdn.com/editorial/images/735765/diverse-business-team-data-servers-it.jpg

The Nasdaq Composite (NASDAQINDEX: ^IXIC) is one of the U.S. stock market's three major indexes, tracking the tech-dominant companies listed on the Nasdaq Stock Exchange. After a less-than-stellar 2022 (to put it lightly) for the Nasdaq, it's had an impressive 2023, up over 27% year to date as of June 8.

With such an admirable rally, investors may be wondering if now is the time to invest in the index or if they missed the boat. The short answer is no, you didn't miss the boat.

The recent surge in the Nasdaq can be credited to a trifecta: Easing inflation, a potential pause in Federal Reserve interest rate hikes, and interest surrounding artificial intelligence (AI).

Source Fool.com

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