The Nasdaq 100 ETF (ticker: QQQ) has experienced a notable rally in 2025, rising more than 27% since April 8 and currently up 3.9% year-to-date, approaching its all-time highs by approximately $11. Despite some drag from Tesla shares, the ETF is expected to reach new highs soon. The broader S&P 500 index has also shown strength, gaining about 2.5% so far in 2025 and nearing its all-time highs by roughly 2%. Within the S&P 500, 19 stocks have surged over 50% since April 8, with three of the top four performers belonging to the technology sector. Other major indices have shown mixed results, with the Dow Jones Industrial Average up 0.5%, the Nasdaq Composite up 1.1%, and the Russell 2000 down 4.4%. Market volatility, as measured by the VIX, has decreased by 3.3% during this period.