NASDAQ Hits 20,000 For First Time As AI Rally Rages On | US TikTok Ban Looms
The Justice Department late on Wednesday asked a U.S. appeals court to reject an emergency bid by TikTok to temporarily block a law that would require its Chinese parent company ByteDance to divest the short-video app by Jan. 19 or face a ban. In another development, The Nasdaq breached the 20,000-point mark for the first time on Wednesday, as a rally in technology stocks showed no signs of slowing. The tech-heavy index rose 1.6% to an all-time high of 20001.42 points. Watch The World Report for the latest updates.
