The NASDAQ 100 closed higher, gaining roughly 2% as technology giants propelled a broader Wall Street rally. Investor confidence returned after a week of mixed data, pushing the index above key resistance levels. The surge reflects renewed appetite for growth‑oriented assets amid hopeful earnings signals.
Leading the charge were Intel, AMD, Meta and NVIDIA, each reporting strong performance or upcoming product roadmaps. Intel’s AI chip rollout boosted its stock, while AMD’s Ryzen 7000 series sales sparked optimism. Meta’s ad revenue rebound and NVIDIA’s data‑center demand continued to drive investor enthusiasm.
Broader market support came from falling oil prices, which eased inflation concerns, and modestly declining Treasury yields that made growth stocks more attractive. Overall, the tech‑heavy index appears poised for further gains as earnings season unfolds. Analysts note that the combination of solid tech earnings and softer macro data could sustain the rally, though investors should watch for any unexpected geopolitical shocks.
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