The major U.S. equity indices extended their rally into the close, capping off an impressive session—and an even more remarkable month.
The major U.S. equity indices extended their rally into the close, capping off an impressive session—and an even more remarkable month. Both the S&P 500 and the NASDAQ Composite finished at fresh record closing highs, underscoring the strength of the broader market despite some notable weakness beneath the surface.
The Dow Jones Industrial Average also posted a powerful advance, climbing sharply by 790.33 points, or +1.62%, to close at 49,715. While that keeps the index within striking distance, it still remains below its all-time closing high of 50,188. The gains across the board reflect continued momentum driven by investor optimism, strong economic signals, and persistent dip-buying behavior.
Looking at the final numbers: Dow Jones Industrial Average: +790.33 points (+1.62%) S&P 500: +73 points (+1.02%) to a record close NASDAQ Composite: +219.07 points (+0.89%) to a record close Despite the headline strength in the indices, the session revealed an important divergence—particularly within mega-cap technology. Some of the market’s biggest names came under pressure following earnings, acting as a drag on what could have been even stronger index-level gains. NVIDIA shares fell sharply by -4.63%, while Microsoft dropped -3.93% and Meta Platforms declined -8.55% after reporting results following the prior day’s close.