Nasdaq 100 Hits Record as Tech Rally Lifts S&P 500 Near Peak
Updated
Updated · Bloomberg · Oct 5
Nasdaq 100 Hits Record as Tech Rally Lifts S&P 500 Near Peak
3 articles · Updated · Bloomberg · Oct 5
Summary
The Nasdaq 100 climbed to a fresh record while the S&P 500 moved within striking distance of its all-time high in Monday trading.
Giant technology stocks powered the advance, outweighing pressure from still-elevated oil prices and multi-decade highs in longer-dated Treasury yields.
Outside the US, political turmoil in Europe and fiscal concerns pushed the euro to its weakest level since May 2025.
Brazilian assets jumped as Flávio Bolsonaro emerged as the front-runner in the presidential election runoff, underscoring how politics also drove cross-market moves.