Nasdaq Adds to Its Rally. Memory Stocks Led the Charge.

The Nasdaq Composite extended its rally as investors bought the dip in memory and other momentum stocks, driving a risk-on tone across markets. The Nasdaq rose 1.2%, led by memory and data-storage names such as Western Digital, Sandisk and Seagate, while the S&P 500 and Dow also advanced on upbeat economic prints for retail sales, private payrolls and manufacturing sentiment. Markets largely shrugged off geopolitical headlines tied to the Iran conflict ahead of a scheduled White House update. Crypto and commodity snapshots showed Bitcoin trading higher and crude oil lower, but the market narrative centered on renewed momentum in tech and cyclical risk-taking.