Global, WorldUpdate24 - Global stock markets experienced a powerful rally this week, with major indices climbing to record highs as the technology sector delivered stellar quarterly earnings that exceeded Wall Street expectations.

Technology Stocks Surge

The Nasdaq Composite jumped 4.2% over the past three trading sessions, its best weekly performance in over a year. Leading the charge, artificial intelligence and cloud computing firms posted revenue growth rates not seen since the post-pandemic boom. Semiconductor manufacturers also benefited, with chip demand driven by the continued expansion of AI infrastructure and data center construction across the globe.

Broader Market Impact

The S&P 500 gained 2.8% for the week, while European and Asian markets followed suit with solid gains. Analysts note that the rally has broadened beyond tech, with energy and healthcare sectors also posting meaningful advances. Bond yields stabilized as inflation data came in below expectations, further supporting the risk-on sentiment. Market strategists remain cautiously optimistic, pointing to strong corporate balance sheets and improving economic fundamentals as pillars supporting the current uptrend.