The tech sector is pulling Wall Street higher: the Nasdaq 100 and the S&P 500 keep rallying

The US stock market is maintaining upward momentum, fueled by sustained interest in the artificial-intelligence industry. The Nasdaq 100 posted a solid gain of 0.89%, while the broad S&P 500 added 0.29%. Strong quarterly reports from the largest tech corporations — confirming their ability to monetize innovation — are the main drivers. Notably, the market is overlooking local weakness in the industrial sector, reflected in the Dow Jones Industrial's 0.31% drop, underscoring a shift in investor preference toward growth stocks.

The current market backdrop creates unique conditions for traders focused on volatile assets. As capital flows from traditional industries into high-tech companies, clear trending moves are forming on the charts. More details via the link.

Five-week S&P 500 marathon: between fundamental undervaluation and correction risk

The S&P 500 closed its fifth consecutive week in the green, showing unusual resilience for the year. Impressive corporate earnings have actually reduced the forward price-to-earnings (forward P/E) ratio, creating the illusion of relative undervaluation even at historical highs. The fundamental backdrop remains strong as the US real economy continues to generate cash flows above conservative analyst expectations.

However, Goldman Sachs analysts urge caution, pointing to an excessive build-up in bullish positions. An overheated market and a high concentration of long positions could trigger a sharp pullback on the smallest negative catalyst. After such a prolonged rally, professionals recommend closely monitoring support levels, since technical profit-taking could provoke cascade liquidations across the market. More details via the link.

Bitcoin hits $80,000: crypto market syncs with risk appetite

Bitcoin reached the psychologically important $80,000 mark, following broad optimism in stock markets. Improved global risk appetite coincided with key institutional news: expectations for approval of the so-called Clarity Act and expanded cooperation between Coinbase and the banking sector. These regulatory and infrastructure shifts materially boost the investment appeal of digital assets for large funds, giving Bitcoin the liquidity it needs to push to new highs.

That said, further upside may be complicated by geopolitical instability. Any escalation on the international stage typically drives investors into defensive assets, which could weigh on the volatile crypto market. Bitcoin's synchronization with traditional equity indices makes it highly sensitive to US macro data, offering InstaForex clients a wide scope to trade crypto pairs versus fiat currencies. More details via the link.