US stocks extended their strong rally, with the Nasdaq logging a 10-day winning streak, a recent record. On April 14, the Nasdaq Composite jumped 1.96% to 23,639.08, rising for 10 consecutive sessions with a cumulative gain of over 12%. The S&P 500 rose 1.18% to 6,967.38, approaching an all-time high, while the Dow Jones gained 0.66% to 48,535.99.

Technology stocks were the main driver, led by AI and chip sectors. Meta rose more than 4%, while NVIDIA, Google and Tesla all gained over 3%. The memory chip index climbed 2.4%, and Oracle extended its previous 12% surge with a nearly 5% advance. Capital accelerated from energy into growth tech, fueling the Nasdaq’s persistent rally.

Global risk appetite improved in tandem, with major European indices rising across the board and the FTSE 100, DAX and CAC 40 hitting record highs. Chinese concept stocks in the US rose broadly, with the Nasdaq Golden Dragon China Index up 2.35%. iQiyi surged 11.81% and JD.com 7.96%. Analysts attributed the improvement to falling oil prices easing inflation concerns alongside US-Iran talk hopes. Still, the Fed’s high-rate environment persists, and institutions warned of pullback risks at elevated levels.