Business · Singapore Bureau
Nasdaq hits record peak as earnings outlook bolsters market sentiment
US equity markets extended gains with the technology-heavy Nasdaq reaching fresh highs, as investors reassess corporate earnings prospects. The benchmark indices posted solid advances in afternoon trading.
LSN Singapore ·
The Nasdaq Composite surged 1.05 per cent to close at 27,477.31 points, marking a fresh record high for the index. The broader S&P 500 also posted gains, advancing 0.66 per cent to settle at 7,773.95 points, reflecting a broad-based rally across the market.
Market participants focused their attention on the earnings season outlook, with expectations around corporate profitability and forward guidance driving investor positioning. The technology sector, which carries substantial weight in the Nasdaq, led the advance as traders assessed the sector's growth trajectory.
The gains reflected a constructive risk appetite among investors, who have been digesting economic data and corporate performance metrics. Market participants appeared increasingly confident in corporate earnings resilience despite lingering macroeconomic uncertainties.
The record close in the Nasdaq underscores the market's recent momentum, with investors weighing earnings surprises and guidance from major corporations. The advance across both indices suggests broader market confidence extending beyond technology stocks into other sectors.