US markets had a strong start to the third quarter
US markets opened the third quarter on a strong note, with the Nasdaq rising around 2.4% last week alone. The increase was driven by strong demand from technology giants such as Nvidia, Apple and AMD. Investor confidence in the technology sector remains high, reflecting optimism about growth and earnings.
Analysts point to several factors behind this rise. The AI sector continues to attract institutional investment, indicating long-term growth potential. The Federal Reserve’s dovish stance with no expectations of a rate hike in 2025 has also encouraged investors. In addition, better-than-expected earnings from cloud-based companies further increased market sentiment.
Technological shares and AI ETFs are still in focus
Investors are actively investing in growth stocks, while technology remains the favorite sector. AI-related ETFs and semiconductor stocks are attracting particular attention. Traders should keep an eye out for potential pullbacks, which could provide entry opportunities at key support levels. Strategic positioning in these sectors can help capture profits while managing risk in today’s market environment.