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The Nasdaq Composite traded at 23,592.11 as of Monday’s close, up 0.56% on the session, extending gains after U.S. stocks started February on a firmer footing. Investors pushed equities higher following encouraging manufacturing data and easing trade tensions. The advance came despite lingering volatility from last week’s sharp moves in precious metals and renewed debate around artificial intelligence valuations. Could the tech-heavy index maintain its upward momentum? Manufacturing Data Sets the Tone U.S. stocks closed higher on Monday after data showed the manufacturing sector expanded for the first time in a year. The Institute for Supply Management’s Purchasing Managers’ Index rose to 52.6 in January, well above expectations and December’s reading. A separate S&P Global survey also showed expansion. New orders and production strengthened, signaling improved activity early in the year. Treasury yields moved higher in response, reflecting firmer growth expectations rather than inflation fears. Trade Deal Lifts Sentiment Markets also reacted to news that the United States and India reached a trade agreement. President Donald Trump announced a reduction in tariffs on Indian goods to 18%, down from 25%, alongside the removal of a secondary tariff after India agreed to halt purchases of Russian oil. The development boosted confidence in global trade flows. Stocks tied to India exposure, including Infosys and Williams-Sonoma, rallied as investors adjusted expectations around costs and demand. Tech and AI Stocks Regain Leadership Technology shares led Monday’s gains, helping the Nasdaq outperform. Alphabet rose, while Amazon also advanced ahead of upcoming earnings reports. Semiconductor stocks also climbed as investors returned to AI-linked themes. SanDisk surged sharply, while Advanced Micro Devices and Micron Technology posted solid gains. After recent pullbacks tied to valuation concerns, traders refocused on earnings growth and revenue visibility within the sector. Earnings Momentum Anchors the Rally Corporate earnings continued to support equity…