The NASDAQ index closed at a new record high after a gain of 90.31 points or 0.45%. The closing level at 21,798.70, extended above the high closing level from August 13 at 21713.14. A new intraday high was also reached at 21,885.62..
Looking at the other indices:
Some winners included:
Robinhood Markets (+15.80%) – Leading the pack on strong retail trading momentum, with investors piling into risk-on names and platforms that benefit from higher trading volumes.
Alibaba ADR (+4.16%) – Gains tied to improved sentiment toward Chinese tech and optimism about policy support in Beijing, sparking a relief rally across China-linked ADRs.
Uber Tech (+3.70%) – Lifted by ongoing strength in consumer demand and optimism around ride-sharing profitability as fuel costs stabilize.
Live Nation Entertainment (+3.57%) – Rally supported by solid event demand and expectations for resilient consumer spending on entertainment, despite broader economic headwinds.
Broadcom (+3.26%) – Riding the semiconductor wave, with chipmakers broadly stronger on AI and data-center demand tailwinds. Riding the earnings from last week.
IBM (+3.05%) – Catching a bid on tech rotation and safe-haven qualities, as its hybrid cloud and AI exposure continues to attract institutional interest.
Papa John’s (+3.01%) – Consumer discretionary strength, as defensive food-service names gain traction with steady sales despite inflationary pressures.
Adobe (+2.78%) – Benefiting from AI-driven investor enthusiasm and steady software demand, with traders positioning ahead of earnings. I keep on getting subscription requests for PDFs.
GameStop (+2.76%) – Meme-stock momentum back in play, with retail traders reigniting speculative buying after recent pullbacks.
Cadence Design (+2.74%) – Chip design software provider gaining alongside semis, as EDA tools remain essential in the AI and advanced manufacturing cycle.
CrowdStrike (+2.50%) – Cybersecurity strength continues as enterprises prioritize digital defense spending, keeping demand outlook strong.
Tencent ADR (+2.22%) – Boosted by broader China tech rebound and easing regulatory concerns, improving investor appetite for mega-cap Chinese names.
Looking at the different S&P sectors, information technology led the way with a gain of 0.67% while utilities was the biggest drag with a decline of -1.07%:
Information Technology (S5INFT) +0.67%
Consumer Discretionary (S5COND) +0.53%
Materials (S5MATR) +0.23%
Industrials (S5INDU) +0.21%
Financials (SPF) +0.02%
Energy (SPN) -0.15%
Consumer Staples (S5CONS) -0.17%
Health Care (S5HLTH) -0.12%
Telecommunication Services (S5TELS) -0.31%
Real Estate (S5REAS) -0.68%
Utilities (S5UTIL) -1.07%
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about nasdaq index closes at a new record high was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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