Tech Giants Tesla, NVIDIA, and Microsoft Soar Following Fed Rate Hike
The tech sector has seen a significant boost following the Federal Reserve's rate hike, with major players like Tesla, NVIDIA, and Microsoft leading the charge. The market appears to be experiencing increased risk appetite, driven by confidence in the US economy.
Tesla (TSLA) is eyeing its 200-day EMA barrier at $379.11, while NVIDIA (NVDA) has cleared the crucial $215 level after a strong pre-market trading session. Microsoft (MSFT) continues to trade above key horizontal support near $477.31 and is aiming for the $515 resistance level.
The buyers' return to the market is causing consolidation with a bullish tilt, suggesting that momentum may be building for another significant move upwards. The market's reaction to the rate hike indicates that investors are paying close attention to the US economy's performance.