NASDAQ Hits New Record High Driven by AI Sector and Oil Price Optimism

The NASDAQ index reached a new record high fueled by AI sector confidence, while the S&P 500 surpassed the 6800–6900 retracement zone. In a notable shift, the Dow Jones Industrial Average (DJIA) is showing signs of a bullish catch-up above the key support level of 47,895. Technically, a break above 48,850 opens the path for the DJIA toward the 49,715/49,835 levels. However, downside risks remain if current support levels fail to hold against market pressure. Investors are now evaluating the sustainability of the tech-led rally alongside a potential shift toward value stocks, while closely watching for a seasonal turning point near April 18.