Nasdaq All-Time Highs Earnings Rally
Strong corporate earnings and the gradual reopening of the U.S. economy are supporting the S&P 500 and Nasdaq at all-time highs.
Too little corroboration in the last 3 days to call a trend (14 articles). Watching for it to gain traction.
Mainstream financial press is carrying this — attention has broadened beyond specialist outlets.
"QQQ has gained 11.2% year-to-date, ahead of VOO's 9.5% gain... This difference has also helped QQQ outperform VOO, with gains of 26.63% and 20.63%, respectively, over the past year."
"The Nasdaq is up 2.66% while the S&P 500 has gained 0.93% and Technology is leading all sectors with a 4.62% gain."
"Nasdaq futures demonstrated relatively stronger momentum, rising 0.40% during the same period."
"Many investors view NDX as the benchmark for the 21st century. Over the nearly two-decade observation window, which includes the global financial crisis, the Nasdaq-100 returns are more than double those of the S&P 500."
"Strong corporate earnings and growing AI-related investment helped sustain momentum throughout May."
"Investors' appetite has improved over the last few trades on the back of strong AI-led earnings growth."
"A strong earnings report from Cisco on Wednesday also caused the company’s stock to pop—ending 13.4% higher on Thursday."
"Tech stocks lifted the S&P 500 Index (SPX) and the Nasdaq to new record highs."
"The S&P 500 and Nasdaq Composite, closed at record highs Monday, driven by continued investment in technology and AI stocks."
"Stock indexes are soaring today, with the S&P 500 and Nasdaq 100 posting new all-time highs. A wave of blockbuster earnings results from chipmakers and AI-infrastructure stocks are propelling stocks higher today."