The Nasdaq Composite surged 20% in Q2, its best performance since 2020, driven by semiconductor stocks and broader market momentum.
The Nasdaq Composite is poised to close the second quarter with a 20% gain, marking its strongest quarterly performance since 2020. The rally was fueled by a surge in semiconductor stocks, with Intel and Advanced Micro Devices rising 4% and 3%, respectively, while Nvidia added over 1%.
The S&P 500 also posted its best quarter since mid-2020, climbing 14%, while the Dow gained 0.2% on Tuesday. Small-cap stocks outperformed in the first half, with the Russell 2000 up over 21%, its strongest January-June stretch since 1991.
Market volatility earlier in the quarter, including a late retreat in tech shares, gave way to renewed buying interest this week. The gains reflect resilience amid fluctuating energy prices and questions about AI investment sustainability.