Nasdaq 100 closed higher on Tuesday, rising 0.94% to 25,639.71, as persistent strength in mega-cap technology stocks continued to anchor market sentiment. The index finished near the top of its daily range, underscoring steady risk appetite despite recent consolidation below all-time highs.

Technology Leadership Drives the Session

Gains in the Nasdaq 100 were fueled by continued leadership from large-cap technology and growth-oriented names, which remain the primary drivers of U.S. equity performance. Investors maintained exposure to artificial intelligence, software, and semiconductor-related themes, reinforcing the index’s upward bias even as some areas of the market showed signs of rotation.

Trend Structure Remains Constructive

From a broader perspective, the Nasdaq 100 continues to trade within a well-defined uptrend. While one-month performance remains slightly negative, medium- and longer-term momentum is clearly positive, with the index up more than 12% over six months and nearly 19% over the past year. The ability to hold near recent highs suggests consolidation rather than distribution.

Macro Backdrop and Risk Sentiment

The move higher came amid a supportive global risk environment, with investors balancing expectations for steady economic growth against a gradual easing path for monetary policy later in the year. Technology stocks have remained relatively insulated from macro uncertainty, benefiting from strong balance sheets, recurring revenues, and structural growth drivers.

What Investors Are Watching Next

Market participants are closely monitoring upcoming earnings updates from major Nasdaq constituents, as well as signals from bond yields and inflation data that could influence valuation sensitivity. A decisive breakout above recent highs would reinforce bullish momentum, while any pullback is likely to be assessed for signs of healthy rotation rather than trend reversal.