The Nasdaq Composite has surged into record territory, signaling a renewed wave of bullish momentum driven largely by heavyweight technology stocks.

US stocks opened the session lower but recovery was seen. US futures opened gap down but the end of the trading session, markets closed in positive.

Argus Research has reiterated its BUY rating for Microsoft Corp (NASDAQ: MSFT) with a target price of $526, driven by robust growth in the Azure cloud segment and accelerated investments in generat

The Vanguard S&P 500 UCITS ETF (ISIN: IE00B3XXRP09) has offered nearly 36 percent returns over the last 12 months period.

Microsoft Stock was trading nearly 6 percent lower, a level not witnessed for many trading sessions for the technology major.

Microsoft stock was facing selling pressure during early trades. With almost 6 percent decline, Microsoft was close to major support at $400.