Markets
8.1
Nasdaq 100 surges 5.12% to $586.85 on heavy volume
The Nasdaq 100 index gained 5.12% intraday to close at $586.85 with elevated trading volume of 44.5M shares. The magnitude of the move suggests significant institutional activity or broad-based sector rotation, though the specific catalyst is not identified in this data point alone. Context-dependent significance: this could reflect Fed policy shifts, earnings surprises, or broader risk-on sentiment.