12/11

Why is DXYZ Up Today After Nasdaq Surge

The Destiny Tech100 Inc. ETF (DXYZ) closed on December 11th up 8.08% to $66.32, buoyed by a favorable market environment and strong sector performance. The Nasdaq Composite's historic rise past the 20,000-point mark, driven by robust earnings in the semiconductor, AI software, and internet sectors, has set a positive tone for tech stocks. This surge is further supported by November's inflation data meeting market expectations, increasing the likelihood of a Federal Reserve rate cut. The anticipation of potential policy shifts in a "Trump 2.0" era is also contributing to the bullish sentiment in the tech industry.