Dow, S&P 500, Nasdaq Climb; Micron, Intel, Nvidia Lead Movers
On Friday, the stock market experienced modest gains, with key indices showing positive movement. The S&P 500 and Nasdaq Composite each rose by 0.1%, while the Dow Jones Industrial Average gained 41 points, also reflecting a 0.1% increase.
Market Performance Overview
About half of the stocks within the S&P 500 saw upward movement. Super Micro Computer emerged as a leading performer, while Constellation Energy and Vistra lagged behind. These companies have recently been identified as part of the artificial intelligence investment trend.
Sector Performance
- The iShares Semiconductor ETF climbed by 1.5%, indicating strong performance in hardware.
- Conversely, the iShares Expanded Tech-Software Sector ETF fell by 0.8%, showcasing a decline in software stocks.
Russell 2000 Rally
The Russell 2000 index continued its upward trajectory with a 0.6% increase. This marks the index’s 11th consecutive day of outperforming the S&P 500, the longest streak since June 6, 2008. Such a performance underlines the strength of small-cap stocks in the current market climate.
Overall, on this trading day, the movement of indices was reflective of investor sentiment in sectors linked to emerging technologies.
