Nasdaq Posts Best Quarter in 6 Years as AI Backlogs Grow

The NASDAQ Composite gained 21.4% in Q2 2026, posting its best quarter in six years alongside the S&P 500, driven by strong AI and data center demand with record order backlogs. The job market is improving with positive employment trends, and analysts expect continued earnings growth. The author forecasts Q3 GDP growth of 5-6% fueled by AI productivity gains, better trade balance from energy exports, and consumer spending, though housing market recovery remains modest.