A renewed rally in U.S. technology shares has lifted major equity benchmarks back into record territory. The Nasdaq 100 jumped 1.5% on 24 June, closing at an all-time high for the first time since February. Three days later the broader S&P 500 added 0.5%, likewise reclaiming record ground last seen four months earlier. Momentum carried into the new quarter. On 2 July the S&P 500 notched its sixth record close of 2025, while the Nasdaq recorded its third of the year. During the session the Nasdaq Composite touched 20,382 and finished around 20,374, up 0.86%; the S&P 500 hovered near 6,211 after breaching its previous peak of 6,204. Chipmaker Nvidia advanced about 2.6% and Tesla rallied 3.6%, helping power the move as investors continued to favour megacap growth stocks tied to artificial-intelligence spending. The Dow Jones Industrial Average lagged, underscoring a market still concentrated in a handful of heavyweight technology names.