Tech Stocks Propel Nasdaq 100 to Unprecedented Heights

The Nasdaq 100 index surged to a historic peak in the previous session, closing at 24,092.19 after a robust gain of 99.63 points, or 0.42%. This upward trajectory was primarily fueled by mounting anticipation of interest rate cuts from the Federal Reserve, even as other major market indices showed signs of strain.

Trading activity highlighted a pronounced shift of capital into technology-oriented equities. The Nasdaq 100?s continued ascent contrasted with a nearly flat S&P 500 and a declining Dow Jones Industrial Average. Throughout the day, the index reached a high of 24,137.06 points and found a floor at 23,983.63 points.

Sustained buying interest in major tech conglomerates points to robust investor confidence in the sector. Concurrently, the subdued level of the VIX volatility index... Read more...