StocksMedium•5 October 2026•
1 min read
Nasdaq Hits Record High Driven by Software Deals and Growth Stocks
Key Facts
1The Nasdaq index reached a record high driven by software dealmaking and analyst upgrades for growth stocks.
2Higher Treasury yields and a weaker Dow Jones Industrial Average limited overall market breadth.
The Nasdaq index reached a record high driven by software dealmaking and analyst upgrades for growth stocks. FX Empire reported that the tech-heavy index outperformed as increased M&A activity in the software sector provided significant momentum for growth-oriented equities.
Higher Treasury yields and a weaker Dow Jones Industrial Average limited the overall market breadth during the session. In equity markets, NDAQ closed at $90.33 on October 2, 2026, having traded between a day low of $89.67 and a high of $92.27 in recent sessions.