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Tech Stocks Soar, Nasdaq Hits New Record in 2025
8 Sep
Summary
- Nasdaq Composite reaches new intraday high of 21,868
- Robinhood stock surges 15% on S&P 500 inclusion
- AI and semiconductor stocks drive market gains
The US stock market has started the week of September 8, 2025, on a mostly positive note. The Nasdaq Composite index has reached a new intraday record high of 21,868, fueled by strength in the tech sector and AI-related stocks.
The S&P 500 has risen 0.4%, while the Dow Jones Industrial Average has edged up 0.2%, adding 67 points. However, small caps have slightly underperformed, with the Russell 2000 falling 0.3%, though it remains above key short-term moving averages.
Treasury yields have continued to fall, with the 10-year yield dipping two basis points to 4.07%, supporting equities and signaling cautious optimism among investors. The Nasdaq-100 has led the gains, supported by AI and semiconductor stocks.
Notably, Robinhood's stock has surged nearly 15%, rebounding above its 10-week moving average, after news of its inclusion in the S&P 500. This move underscores Robinhood's transition from a meme stock platform to a credible fintech leader with growing crypto, options, and interest income offerings.
Other top performers include Broadcom, Lam Research, and Nvidia, reversing recent losses. Meanwhile, telecom companies like T-Mobile and MercadoLibre have lagged, while Verizon and AT&T have shown sector-specific pressure following spectrum sales and regulatory developments.
