Nasdaq 100 futures have surged nearly 0.35% today, marking a significant milestone by crossing the psychological threshold of 30,000 points for the first time. This rally is largely fueled by the semiconductor sector, with Micron Technology leading the charge, soaring almost 15% following a bullish upgrade from UBS. Other notable gainers include Sandisk, which is up over 7%, alongside strong performances from Western Digital, AMD, and Nvidia.

The rise in the Nasdaq 100 comes amid positive economic indicators, including an increase in the U.S. Conference Board Consumer Confidence Index to 93.1, surpassing expectations, and a modest uptick in the Dallas Fed Manufacturing Business Index. These data points suggest an improving sentiment among consumers and manufacturers, which could bolster stock performance in the coming weeks.

Market professionals should watch the semiconductor sector closely, as its momentum could drive further gains in the Nasdaq 100, potentially influencing broader market trends as investor confidence rises.

Source: xtb.com