Billionaire Paul Tudor Jones Sees Nasdaq Higher by Year-End

Billionaire Paul Tudor Jones expects the Nasdaq Composite Index to climb higher by the end of the year as traders anticipate lower interest rates ahead.

If the big technology companies report positive earnings and US-China trade conflicts are resolved by the end of October, “then you have a chance for a real ramp in the last two months,” said Jones, 71, in an interview with Bloomberg Television on Tuesday.