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stocksJul 7, 2026, 6:12 AM

Nasdaq 100 Jumps Over 1% as Chipmakers Lead Tech Rally

The Nasdaq 100 gained more than 1% on Monday, driven by a strong performance in chipmaker stocks, while European markets started the week cautiously.

NDX

The new trading week began with a cautious tone in European markets, but US tech-heavy indices saw a brighter start. The Nasdaq 100 advanced more than 1% on Monday, with semiconductor stocks leading the gains.

Chipmakers were the main drivers of the rally, reflecting continued investor optimism in the tech sector following recent AI and semiconductor demand trends. The move pushed the index higher after a mixed session in Europe, where risk appetite remained subdued.

Source: FXStreet Forex News