Another record close for the Nasdaq 100 on Friday

Well, do not be surprised to see that the tech sector and the Nasdaq 100 once again outperformed the broader market on Friday. The Nasdaq 100 rose to a new all time record high at 20,406 and later closed not far off that level. The index gained 205 points on the day, closing at 20,391. That was of course its highest ever weekly close too. There is very little on the USD economic release calendar today, but pretty soon the US Q2 earnings season is going to get underway at the end of this week and that will be very much in focus for the tech sector over the next couple of weeks. The  gains for the Nasdaq 100 on Friday came despite a fall in NVIDIA (-1.91%) and so it was a broader tech market performance that led the way. The gains on Friday were led by Arm, Meta and AMD. The Nasdaq 100 future is a little lower this morning, but not by anything at this stage that cannot be reversed in the blink of an eye. The index is currently priced to reopen at 20,365