Nasdaq Recovers All Losses as Tech Rally Hits Historic Pace

US equity markets continue their upward trajectory, with the Nasdaq composite leading a broad recovery that has seen the index regain all ground lost during recent periods of instability. This rally marks a significant turnaround for growth equities after a period of heightened risk aversion. The recovery follows a volatile stretch characterized by fears surrounding an 'AI-pocalypse' and the onset of conflict involving Iran. By overcoming these headwinds, the tech-heavy index has successfully returned to a positive year-to-date return, signaling a shift in investor confidence. During this current winning streak—the longest the index has seen since late 2021—the Nasdaq has climbed more than 12%. If current gains hold through the close of the session, the index will secure its largest 10-day point gain on record. This momentum suggests that market participants are moving past geopolitical anxieties and sector-specific skepticism. The S&P 500 has similarly extended its winning streak, reflecting a wider market appetite for risk as indices push toward new milestones.