Nasdaq Composite extends record run as cloud sector gains reinforce bullish momentum

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Sholanke Dele

10.09.2025

Nasdaq Composite extends record run as cloud sector gains reinforce bullish momentum — Nasdaq momentum supported by Oracle stock gains

The Nasdaq Composite Index extended its rally on Tuesday, adding 80 points to secure its 22nd record close at 21,880, surpassing the prior close at 21,800.

The advance reflected the broader strength in global equities as expectations for a Federal Reserve rate cut next week strengthened following another round of disappointing U.S. labor market data. The weaker jobs backdrop has reinforced investor conviction that the central bank will act sooner to support the economy, creating a favorable environment for growth stocks.

- Nasdaq secures 22nd record close as Oracle surge lifts growth stock sentiment.

- Nasdaq traders eye 22,000 milestones with PPI data set to guide direction.

- Nasdaq breakout confirmed as 21,800 support holds despite looming inflation uncertainty.

Heading into Wednesday’s premarket trade, Nasdaq futures edged higher by 0.1%, indicating that momentum remains intact. Much of the early optimism was driven by Oracle, which saw its stock price soar nearly 29% after projecting booked revenue at its Oracle Cloud Infrastructure business to exceed half a trillion dollars.

Nasdaq price dynamic (July - Sept 2025). Source: Tradingview

The announcement reflected the growing demand for low-cost cloud services and triggered spillover gains across the technology sector. Nvidia gained 2%, Advanced Micro Devices climbed 3.3%, and Broadcom advanced 2.2% in premarket dealings. These moves highlight the role of sector-specific catalysts in reinforcing the broader Nasdaq rally.

Nasdaq traders await U.S. PPI report for confirmation of easing inflation trend

The near-term focus now shifts to U.S. Producer Price Index data, scheduled for release later in the day. Consensus forecasts point to a 0.3% monthly rise, a notable slowdown from the prior 0.9% reading. If the data comes in below expectations, it would validate the market’s view that inflation pressures are easing, bolstering the case for a rate cut and weakening the dollar. Such an outcome would likely lend further support to equities, reinforcing the bullish momentum in the Nasdaq Composite.

From a technical perspective, the index is approaching the 22,000 milestones, a level that carries both psychological and chart significance. To sustain the advance, buyers will need to push decisively through the 21,900 area, which serves as the next resistance zone. On the downside, immediate support rests at 21,800, the former ceiling from August that has now been converted into a floor. Holding above this level would confirm that the breakout is intact and could limit the scope of any retracement.

Overall, the combination of supportive macro conditions, sector-driven catalysts, and technical confirmation keeps the Nasdaq’s trajectory skewed to the upside. While volatility could arise around the inflation release, the broader picture suggests that investors are positioning for continued strength as the index edges closer to breaking the 22,000 barrier.

Nasdaq stalled at 21,710 ceiling as payrolls outcome shapes rate cut outlook. Nasdaq faces repeated rejection below record highs despite early September strength.

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