June 27 (Reuters) - The Nasdaq hit a record high on Friday, as investors piled into technology companies on optimism around artificial intelligence and the prospect for looser monetary policy, putting the index on track to confirm a bull market.
The tech-heavy index .IXIC was last up 0.4% at 20,243 points, surpassing its record high of 20,204 on December 16. It had tumbled 26.8% from its previous peak, marking a bear market days after Trump's "Liberation Day" reciprocal tariffs on April 2.
(Reporting by Medha Singh in Bengaluru; Editing by Arun Koyyur)
((Medha.Singh@thomsonreuters.com; +91 80 6210 0592; X, formerly Twitter: @medhasinghs;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.