Tech Rally Propels Nasdaq as Alphabet and Intel Earnings Stir Markets

Equities extended gains for a third consecutive session, buoyed by retreating Treasury yields and constructive trade dialogue between Washington and Beijing. The Nasdaq Composite surged 2.74%, decisively breaching technical resistance levels unseen since February’s peak. Alphabet’s earnings beat ignited tech sector optimism, though Intel’s tempered outlook introduced caution despite exceeding profit estimates.

Market participants maintain guarded Optimism as corporate earnings season delivers positive surprises. The weakening dollar failed to dampen risk appetite, with capital flowing into growth-oriented assets. Trade war de-escalation signals and accommodative financial conditions create fertile ground for equity advances, particularly in technology names with robust fundamentals.