The Nasdaq 100 hit an all-time high on Friday after surpassing the December 28, 2023, mark of 16,969 points.
After the index fell in the first days of the month, it moved higher, driven by the power of The Magnificent Seven and the bullish momentum in technology stocks. Part of the sector's most recent gains also came as Bank of America upgraded Apple shares.
At 12:24 pm ET, the Nasdaq was up 0.96% or 163 points, reaching 17,145.663. At the same time, the Dow Jones gained 0.47%, while the S&P 500 was close also to its all time high, rising 0.55%.
