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NASDAQ extends rally after breakout above resistance — bullish momentum aiming toward 26,300+ levels

NASDAQ was up on Thursday morning after testing the low level of 25904 in the last trading session as investors digested mixed earnings from Big Tech, with Alphabet jumping nearly 7% in extended trading on stronger-than-expected results. In contrast, Meta slumped over 7% after reporting a $15.93 billion one-time charge linked to President Trump’s One Big Beautiful Bill Act, while Microsoft fell more than 4% after saying its OpenAI investment reduced quarterly earnings by $3.1 billion.