Over the past week, traded on the CME have risen by more than 3%, rebounding from a strong support level reached in the previous week. The index is now just 300 points away from setting a new all-time high. At the same time, the technology sector gained over 3.5%, confirming the continued dominance of buyers.
Among the largest technology companies in the , Palantir (NASDAQ:) stood out with a gain of over 19% during the period. The surge was driven by strong Q2 earnings, with earnings per share (EPS) coming in at $0.16 versus the expected $0.14, and revenue hitting a record $1 billion.
Apple (NASDAQ:) was another key driver, with its stock rising 9.18% over the week, supported by news of new investments in the United States by the Cupertino-based giant, which further boosted market sentiment.
Both the technical setup of the index and the strong performance of key sector leaders suggest that the bulls are far from exhausted. In the near term, there is a strong likelihood of an attempt to challenge the Nasdaq 100’s previous record highs, with current market sentiment favoring such a move.