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S&P 500 and Dow Notch Fresh Records as Tech Titans Lift Wall Street

Gains concentrated in megacap technology names, highlighting uneven breadth across the market.

Overview

  • The S&P 500 rose 0.3% to 6,501.86 and the Dow added 0.2% to 45,636.90, setting closing records on Thursday.
  • The Nasdaq climbed 0.5% to 21,705.16 and the Russell 2000 edged up 0.2% to 2,378.41.
  • Broadcom, Alphabet and Amazon led the advance even as many individual stocks declined.
  • Hormel shares fell after an earnings miss and a reduced full-year outlook.
  • For the week, the S&P 500 gained 0.5%, the Nasdaq rose 1%, the Russell 2000 added 0.7% and the Dow was up less than 0.1%, with year-to-date gains of 10.5%, 12.4%, 6.6% and 7.3%, respectively.