Dan Deming of KKM Financial analyzes the recent momentum in equity index markets, highlighting a strong performance in Nasdaq-100 futures. Prices surged over 2% to break above the 29,000 level for the first time, reaching new all-time closing highs. Deming notes that the tech and semiconductor sectors are leading the rally, driven by solid corporate earnings and shifting demand dynamics for chips. Strong labor data and positive job creation also provided a sturdy economic backdrop, offsetting slightly weaker consumer sentiment. In comparison to the Nasdaq-100's 5% weekly gain, the broader equity complex showed mixed results; S&P 500 futures and Russell 2000 futures posted modest gains, while Dow Industrial futures remained virtually unchanged and continued to lag behind their February highs.