The US stock market is showing strong momentum. All major indices closed higher. Tech stocks are leading the rally. Volatility is falling at the same time.
The Dow Jones is at 48,535.99. It gained 317.74 points in a single session. This is a rise of 0.66 percent. The index touched a high of 48,592.29 during the day.
The S&P 500 is trading at 6,967.38. It moved up by 81.14 points. This is a strong gain of 1.18 percent. The index stayed close to its daily high, showing strong buying interest.
Nasdaq leads rally with 1.96 percent jump on strong tech momentum
The Nasdaq is the top performer. It is now at 23,639.08. It jumped 455.35 points. This is a sharp rise of 1.96 percent. The index moved from a low of 23,331.50 to its peak in the same session.
This shows strong demand in tech stocks. Investors are clearly favoring growth sectors. The rally looks broad based within tech.
The Small Cap 2000 index is also up. It is trading at 2,705.67. It gained 35.18 points. This marks a 1.32 percent increase. This suggests that smaller companies are also seeing buying interest.
VIX drops 2.78 percent as market fear declines sharply
The VIX index is now at 17.85. It dropped 0.51 points. This is a decline of 2.78 percent. The VIX measures market fear.
A falling VIX usually signals confidence. Investors are less worried about volatility right now. This supports the ongoing rally.
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