Both the S&P and NASDAQ indices are on pace for record closing levels after the stronger-than-expected US jobs report. The NASDAQ index is up 1.26% on the day while the S&P index is up 0.80%. The Dow Industrial Average is up 0.20%.
For the week, the NASDAQ index is on pace for a 4% gain for the week, while the S&P is up 2.25% currently. Some oversizing gains were Datadog and Micron. Intel added another 16.5% . For the year, the stock of the once beleaguered chip manufacturer is up 213%. AMD is up 20.37% this week and up 102% for the year.
How have the Magnificent 7 performed in 2026:
- Alphabet Inc.: +27.95%
- Amazon.com: +17.99%
- NVIDIA: +15.61%
- Apple Inc.: +8.23%
- Tesla: -5.19%
- Meta Platforms: -7.33%
- Microsoft: -14.10%
The major indices in the US have been led by the Russell 2000 (the Russell 2000 reached a new all-time high this week at 2888.61 but is below that level currently).
- iShares Russell 2000 ETF: +15.18% YTD
- Nasdaq Composite: +12.45% YTD
- S&P 500: +8.03% YTD
- Dow Jones Industrial Average: +3.43% YTD
The gains this year come despite the War in Iran and the tariffs. Increased productivity is helping the charge to highs.
This article was written by Greg Michalowski at investinglive.com.
