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HomeBusinessTech Rally Lifts Stocks to New Highs as Dow Lags

Tech Rally Lifts Stocks to New Highs as Dow Lags

Wall Street ended the week with a mixed but largely positive tone as technology shares pushed major indexes higher, sending the S&P 500 and Nasdaq Composite to fresh record highs. The Dow Jones Industrial Average, however, slipped and snapped a three-week winning streak.

For the week, the S&P 500 gained about 0.5%, while the Nasdaq rose 1.5%. The Dow fell roughly 0.4%. Friday’s close marked new all-time highs for both the S&P 500 and Nasdaq.

Technology stocks once again led the market higher. Intel surged more than 23% after posting stronger-than-expected earnings, one of its best single-day performances in decades. Nvidia also advanced sharply, helping fuel momentum in the broader chip sector.

Investors were also watching geopolitical developments and energy prices. Oil remained volatile amid Middle East tensions, though hopes for renewed diplomacy helped steady sentiment late in the week.

So far in 2026, the Nasdaq remains the strongest of the major indexes, up nearly 7%, followed by the S&P 500 at about 4.7%. The Dow is up roughly 2.4% year to date.

Looking ahead, markets face another major test next week with earnings reports expected from several mega-cap technology companies, along with fresh economic data and the latest Federal Reserve meeting.

By: Montana Newsroom staff

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