Nasdaq Sets Record As Market Breadth Concerns Rise

The Nasdaq Composite closed at a record high of 20,640.33, marking its seventh or eighth record close this year, amid market volatility and new geopolitical concerns including President Trump's tariff threats and rumors about Fed Chair Jerome Powell's job security. While the Nasdaq led with a 0.3% gain, the Dow and S&P 500 posted mixed or weaker results. Small-cap stocks, measured by the Russell 2000, outperformed larger indices. Investors remained focused on upcoming earnings from major banks and awaited key inflation data, particularly the Consumer Price Index (CPI). Optimism around tech investments, such as Meta’s AI infrastructure plans, contributed to market resilience. However, analysts cautioned that the breadth of market strength is limited, as gains have been concentrated in select sectors.