Mega-cap technology stocks have surged to new highs recently. The momentum pushed the Nasdaq to records Friday as the market heads into a Thanksgiving-shortened week. The quick rebound came after investors took a temporary breather earlier this month.
The bulls have fought their way back in control—at least temporarily—in the face of 30-year high inflation in October. Wall Street is apparently still optimistic despite rising prices, supply chain setbacks, and difficulty filling millions of open jobs.