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Nasdaq 100 rallies 5.06% to $586.53 on strong volume

The Nasdaq 100 index gained 5.06% to close at $586.53 with above-average trading volume of 45.5M shares. The magnitude of the single-day move suggests significant market sentiment shift, though the underlying drivers are not specified in this market data report. Context regarding sector performance, macroeconomic catalysts, or earnings announcements would be needed to assess causation.