The Nasdaq 100 advanced 1.05% to 29,532 points in early trading, reclaiming its 50-day moving average as a key tech-driven rally took hold. Nvidia’s strong guidance provided the primary impetus, while software providers Salesforce and CrowdStrike, alongside cloud services firm Okta, contributed additional upward momentum.
The S&P 500 rose 0.50% to 7,714 points, extending gains from the previous session. The Dow Jones Industrial Average, however, lagged with a marginal gain of 0.05%, closing at 53,492 points.
The outperformance of the Nasdaq 100 reflected broad-based strength in technology shares, with the sector’s gains outweighing mixed performance in other major indices. The 50-day line, widely tracked as a gauge of medium-term trends, served as a technical reference point as the index rebounded from recent consolidation.
