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Why Meta and Align Are Sending the Nasdaq Soaring Thursday

Why Meta and Align Are Sending the Nasdaq Soaring Thursday

Wall Street heard exactly what it wanted to hear from the Federal Reserve, and that sparked a new rally in the stock market that looked poised to continue on Thursday morning. After having taken the brunt of the bear market hit in 2022, the Nasdaq Composite (NASDAQINDEX: ^IXIC) jumped at the opening bell, up 2.3% as of 9:41 a.m. ET. A pair of stocks contributed the most to the Nasdaq's rally.