Nasdaq and S&P 500 Extend Winning Streak as Recovery Rally Gains Momentum
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The Nasdaq Composite and S&P 500 have continued their impressive upward trajectory, marking an eighth consecutive session of gains. This sustained rally is fueled by robust performances in the technology sector, with notable contributions from heavyweight stocks like NVIDIA, which saw a significant surge amid optimism around its AI developments.
Investors remain buoyed by a series of positive economic indicators and earnings reports, signaling that the broader market recovery is gaining momentum. As the market approaches key technical levels, analysts suggest that the current momentum could pave the way for further gains in the near term.
This ongoing rally reflects a renewed confidence in the market’s ability to recover from recent downturns, with investors particularly drawn to tech stocks, which have been leading the charge.