Tech is back in record territory. Nasdaq 100 rises 0.8% to 30,732, its first record since June, as chipmakers rally and oil falls on hopes of an end to the Iran war. Next test: this week’s Trump-Xi summit. The bigger picture: a 29,521% total return since Feb 1985, the index’s launch; 14.6% annualized. W/dividends reinvested, $10,000 would have grown to almost $3mln, despite the dot-com crash, financial crisis & pandemic.