Nasdaq on track to book biggest blowout victory against the Dow industrials in 15 years

How stellar of a day has it been for the technology-stacked Nasdaq Composite Index?

Beyond a litany of notable records set to fall on Friday, the 46-year old index is on track to outperform its more than 120-year old counterpart by the widest margin since 2002, according to WSJ Market Data Group.

The Nasdaq COMP, +2.24% which has been up as much as 2.3%, compared with the Dow Jones Industrial Average’s DJIA, +0.08% more mundane 0.1% rise, is on track to book a more than 2 percentage point outperformance, marking the biggest blowout since Sept. 24, 2002.

The moves comes as the Nasdaq Composite is riding high on the back of better-than-expected quarterly results from highflying tech giants, including at Amazon.com Inc. AMZN, +13.49% Microsoft Corp. MSFT, +7.19% and Google-parent Alphabet Inc. GOOG, +5.25%GOOGL, +4.82% which were all surging at or near record territory.

That has placed the Nasdaq in position to book its 61st record close in 2017, matching its record set during the dot-com bubble. One more record close this year would match the all-time mark of record closes in a single year of 62 set in 1980.

It is also shaping up to be the best daily point gain, if it holds, for the Nasdaq since August 2015. For the Dow’s part, the price-weighted average is hamstrung by sharp declines in shares of Chevron Corp. CVX, -4.67% and Merck & Co. Inc. MRK, -6.33% The S&P 500 index, meanwhile, was on track for a record close, up 0.8% at 2,580, with the tech sector powering the broad-market equity gauge.

Read:Alphabet could be headed for a $700 billion market cap.

Plus:Amazon revenue hits a record and calms investors’ fears

Tesla earnings:Model 3 production, demand under the microscope

See:Exxon earnings—chemicals, refining expected to show strong margins

—Tom Destefano and Ken Jimenez contributed to this article

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