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.
Align Technology's (ALGN) lower scanner volume and ASPs are partially offset by higher services revenues from the larger installed base of scanners and increased non-system revenues.