Nasdaq-100 futures rallied early in the session, reaching a high of 25,128'25 before pulling back toward the close. The index was supported by robust U.S. economic data, including a 0.6% rise in December core capital goods orders and a 6.2% jump in housing starts to 1.404 million units. Additionally, manufacturing output saw its largest gain since February 2025, advancing 0.6%. This data painted a picture of economic momentum, which bolstered growth stocks. The technology sector saw a resurgence as concerns over AI disruption faded, leading to a bounce in AI-related equities. Nvidia, Microsoft, and Google remained positive throughout much of the session, contributing to the Nasdaq-100 outperforming broader indexes. While the index gave back some gains late in the day, it remained higher as market participants weighed strong economic signals against the interest rate environment.
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