US stocks rip higher for the second day as Nasdaq closes at highest since August

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There were non-stop flows into US stock markets on Friday, led by the Nasdaq:

• S&P 500 +1.3%
• Nasdaq Comp +2.2%
• DJIA +1.0%
• Russell 2000 +1.1%
• Toronto TSX Comp +0.8%

On the week:

• S&P 500 +0.3%
• Nasdaq Comp +2.4%
• Russell 2000 flat
• Toronto TSX Comp -2.1%

Broadcom was a big winner on Friday, gaining 11% with Qualcom and Intel making some headway as the chip rally broadens out.

This is the fifth week in a row of gains for the Nasdaq and it’s very much looking like the double bottom in Oct/Dec was the low.