Tech Stocks Drive Market Higher as Gold Set New Records

The Nasdaq 100 is positioned to fully reverse its December decline as renewed demand for technology stocks fuels a broad-based rally across global equity markets. After weeks of uneven trading late last year, investors appear to be regaining confidence in growth-oriented sectors, particularly companies tied to artificial intelligence, cloud computing, and advanced semiconductors. The renewed momentum suggests that appetite for risk assets is strengthening once again.

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At the same time, commodities delivered a powerful signal of investor positioning. Gold, silver, and copper all surged to record highs, highlighting strong demand for both safe-haven assets and industrial metals linked to long-term economic growth.

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The parallel rise in equities and commodities points to a market environment where investors are seeking both protection and upside exposure, rather than retreating entirely to defensive positions.

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Futures tied to the Nasdaq 100 climbed 0.6%, extending a sharp rebound that has lifted the index by nearly 3% over the past two trading sessions. This recovery places the benchmark within reach of erasing its December losses, reinforcing the idea that last month’s pullback may have been more about profit-taking than a shift in the underlying outlook for technology stocks. The move also underscores how quickly sentiment can turn when buyers re-enter the market.

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Strength in early trading was led by several high-profile technology names. Oracle Corp. and Micron Technology Inc. both advanced more than 2% in premarket trading, reflecting investor interest across both enterprise software and memory-chip producers.

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Their gains came as most members of the Magnificent Seven mega-cap group also moved higher, offering further evidence that leadership is consolidating among the largest and most influential technology companies.

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In Europe, markets followed Wall Street’s lead, with technology and mining stocks outperforming broader benchmarks. Rising metal prices provided a tailwind for mining shares, while technology companies benefited from renewed optimism around global growth and digital investment trends. The combination helped lift regional equity markets and reinforced the positive tone seen elsewhere.

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Asian markets also participated in the rally, particularly those with significant exposure to artificial-intelligence demand. Benchmarks tied closely to semiconductor manufacturing and advanced electronics posted some of the strongest gains in the region.

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South Korea’s Kospi stood out among major Asian indexes, supported by its concentration of chipmakers and companies deeply embedded in the global AI supply chain.

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Overall, the synchronized advance across the US, Europe, and Asia highlights a broader revival in risk appetite. With technology stocks regaining momentum and commodity prices signaling sustained demand, investors appear increasingly willing to position for long-term growth themes once again.

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As the Nasdaq 100 approaches a full recovery from its December slump, market attention remains firmly focused on whether this renewed confidence can carry into the weeks ahead.

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