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The Nasdaq Composite index has experienced a notable rally, rising more than 30% from its April low. This surge includes a six-session winning streak, the longest since August of the previous year. In May alone, the Nasdaq has gained over 10%. Technology stocks, represented by the XLK sector, have been a major driver of this upward trend, increasing more than 30% since April 8. Other sectors such as energy (XLE) and semiconductors (SMH) have also been highlighted in recent market discussions.
