Nasdaq Updates Record After 2.3% Surge — MarketWatch
In the United States, the Nasdaq Composite index rose 2.3% on Monday — its biggest daily gain in seven weeks — and finished trading at a record level. On Tuesday, the index added another 0.5% and again set a closing record, while the S&P 500 posted a slight decline, MarketWatch reports.
According to Dow Jones Market Data, the record set on Monday was Nasdaq's 21st in 2026 and its first since the beginning of June. Some new investors may wait for a correction before buying stocks, but historical data indicate above-average index returns after similar moves.
Historical Performance After Records
According to Bespoke, after Nasdaq rises by more than 2% to a new high, the index has historically shown above-average returns across several time periods. One month after such a move, Nasdaq has historically risen 3.7%; above-average results were also recorded after three, six and 12 months.
At the same time, concerns remain in the market over the limited participation of stocks in the current rally, as well as the possible negative impact of higher interest rates on quotations.
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Artificial Intelligence and Corporate Earnings
Edward Jones chief investment strategist Mona Mahajan believes that interest in shares of companies linked to artificial intelligence may persist next year due to significant spending on infrastructure for AI development. In her view, the spread of AI and productivity growth may support the stock market.
Mahajan also described the Federal Reserve's September rate increase as part of a mid-cycle monetary policy adjustment rather than the start of an aggressive series of hikes. She cited growth in corporate earnings and the economy: the Atlanta Federal Reserve Bank's GDPNow tracker estimated the annualized growth rate of U.S. real GDP in the third quarter at 5.1%, compared with 1.5% in the second quarter.
Companies are also expected to begin publishing third-quarter earnings reports soon. Yardeni Research noted that analysts are raising earnings forecasts faster than stock prices are increasing, which could potentially prompt investors to reassess valuations of major technology and semiconductor companies.
