Tech Titans Propel Nasdaq 100 to Unprecedented Heights

The Nasdaq 100 surged to a historic peak on Friday, closing at a record 24,626.25 points. This represented a substantial single-day gain of 171.36 points, or 0.70%, cementing a week of robust performance for the technology-focused index. The market’s upward trajectory continues to be fueled by the Federal Reserve’s recent interest rate cut, with heavyweight tech corporations demonstrating exceptional strength.

Trading commenced at 24,528.44 points, with the index maintaining a steady upward momentum throughout the session. It showcased notable stability, oscillating between a daily peak of 24,641.93 and a low of 24,469.28.

A massive surge in trading activity was observed, with a staggering 27.78 billion shares changing hands across U.S. exchanges. This volume far exceeded the 20-day average of 17.41 billion. However, underlying this strength, market... Read more...