Invesco
May 14, 2026
Nasdaq 100 Index Commentary April 2026
Monthly UpdateEquitiesVolatilityMacro Economic IndicatorsInformation TechnologyEnergy
The Nasdaq-100 Index outperformed the S&P 500 by over 5% in April 2026, driven by strong technology sector earnings and reduced geopolitical tensions. Volatility fell sharply as AI-related semiconductor stocks, particularly Intel, reached historic highs.
Key Takeaways
- 1.The Nasdaq-100 significantly outperformed the S&P 500 in April, returning 15.66% compared to 10.49%.
- 2.Geopolitical de-escalation between the U.S. and Iran led to a dramatic decrease in market volatility, with the VIX dropping from 25.25 to 16.89.
- 3.Strong earnings from AI and AI-adjacent technology companies were a major performance catalyst.
Table of Contents
- About the index
- Overview
- Sector Performance for April
- March Sector Returns by Contribution
- Individual Company Highlights
- Top Performers (Absolute performance)
- Bottom Performers (Absolute performance)
- Outlook
- Historical Performance
- Investment Risks
- Important Information
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Authors
Factor & Core Equity Product Strategy, ETFs & Index Strategies
Securities
NDXINTCNVDATSLA
Themes
Artificial Intelligence (AI) GrowthGeopolitical StabilizationHyperscale CAPEX Spending
Regions
North AmericaMiddle EastUnited StatesIran
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