Nasdaq 100 surges on tech stock rally

The tech-heavy Nasdaq 100 index is experiencing a significant rally, potentially marking its best performance in years. This upward trend is fueled by investor optimism and positive market reactions, including news of Amazon's potential $11.6 billion acquisition of satellite operator Globalstar. The strong performance of technology stocks indicates a renewed confidence in the sector, with investors actively responding to major corporate developments and strategic moves within the industry.