The Nasdaq 100 rose 1.5% on 24 June, closing at its first record since February and surpassing the benchmark’s previous peak set four months earlier. Momentum carried into 25 June pre-market trading, pushing the technology-heavy gauge to fresh intraday highs. Broader risk appetite also improved: the S&P 500 hovered less than 1% below its own record, while semiconductor shares outperformed with an advance of about 4%. Market participants cited optimism over a potential cease-fire and supportive macro indicators for the upturn. The latest advance produced a technical “golden crossover,” as the Nasdaq 100’s 50-day moving average crossed above its 200-day for the first time since March 2023. The formation is viewed by chart watchers as a sign of strengthening upward momentum.