Both the S&P and NASDAQ indices shut above 100 day transferring averages

The major stock indices were mixed in trading today with the Dow industrial average and S&P index falling, but the NASDAQ index rising. While the indices were higher on the week with the broader S&P and NASDAQ indices closing above their 100 day moving averages. The Dow industrial average trading above its 100 day moving average yesterday and closed above that level, but fell back below the level in trading today.

A look at the closing levels shows:

• Dow industrial average -269.23 points or -0.56% at 47916.57.
• S&P index -7.77 points or -0.11% at 6816.89.
• NASDAQ index +80.48 points or 0.35% at 22902.89.

The small-cap Russell 2000 fell -5.72 points or -0.22% at 2630.58.

For the trading week, each of the major indices had solid gains with the NASDAQ index leading the way:

• Dow industrial average rose 3.04%
• S&P index rose 3.56%
• NASDAQ index rose 4.68%
• Russell 2000 rose 3.97%

For the week, there are a number of large-cap stocks which rose by over 10%.

• Nebius NV – 33.15%
• Intel – 23.82%
• SanDisk – 21.41%
• Lam Research – 20.70%
• Marvell – 19.87%
• Broadcom – 18.13%
• Western Digital – 16.43%
• Arista Networks – 16.36%
• Corning – 15.81%
• Micron – 14.84%
• Amazon.com – 13.64%
• Vertiv Holdings Co – 12.98%
• AMD – 12.66%
• ASML ADR – 12.19%
• Eaton – 11.61%
• Ciena Corp – 10.74%
• Shake Shack Inc – 10.39%
• GE Vernova LLC – 10.30%
• SharkNinja – 10.30%
• Caterpillar – 10.24%
• Texas Instruments – 10.19%

🔵 Intel (+23.82%)
Intel’s recent surge was triggered by three major catalysts: a $14.2B buyback of Apollo’s stake in its Ireland fabrication facility, the successful ramp of its 18A (1.8nm-class) process node to high-volume manufacturing, and strong demand signals from CEO Lip-Bu Tan. The stock is now up roughly 240% from its 52-week low, which was reached in April 2025 when tariff fears and a leadership vacuum had crushed the stock. TECHi®

🔵 SanDisk (+21.41%)
SanDisk rose roughly 9% on Thursday after an analyst raised his price target on the stock, with shares climbing again Friday. Charles Schwab The recently spun-off storage company has benefited from broader semiconductor sector momentum.

🔵 Lam Research (+20.70%)
BofA named Lam Research one of its top semiconductor picks for 2026. The company’s revenue in its last reported quarter increased 28% year over year to $5.32 billion, while earnings jumped 46%. Yahoo Finance As a key maker of chipmaking equipment, it benefits directly from the memory capex cycle driven by AI demand.

🔵 Marvell (+19.87%)
Marvell Technology was among the semiconductor leaders this week, rallying significantly in individual sessions as it was identified as a breakout signal leader. www.marketshost.com Marvell is a key player in AI networking and custom silicon for hyperscalers.

🔵 Broadcom (+18.13%)
Broadcom climbed nearly 5% on Wednesday’s ceasefire rally alone. CNBC More broadly, Broadcom’s networking and ASIC businesses make it a core AI infrastructure investment, with analysts projecting its semiconductor revenue could triple to more than $100 billion by 2027. WTOPTV

🔵 Western Digital (+16.43%) & Micron (+14.84%)
Both are memory/storage giants riding the AI-driven data center buildout. Micron Technology gained more than 7% on Wednesday alone CNBC as the Iran ceasefire reduced fears of supply chain disruptions. Micron has a $20B capex budget this fiscal year to meet soaring AI memory demand.

🔵 Arista Networks (+16.36%)
Arista is a leading provider of cloud networking gear for hyperscale data centers. It has been a consistent beneficiary of the AI infrastructure buildout as companies like Meta and Microsoft expand their data center footprints.

🔵 Corning (+15.81%)
Corning was among the stocks hitting intraday record highs this week Yahoo Finance as the rally broadened beyond pure semiconductors into industrial and materials names. Corning supplies optical fiber and display glass with growing AI/data center applications.

🔵 Amazon (+13.64%)
Amazon’s AWS cloud segment is a major buyer of AI chips and data center infrastructure. The broader tech/AI rally, combined with Iran ceasefire relief on energy costs, lifted the stock.

🔵 AMD (+12.66%)
AMD announced a multiyear deal to supply Meta with GPU units for AI data centers, demonstrating conviction in AMD’s chips. The upcoming Instinct MI450X next-generation AI accelerator is slated for release in late 2026. WTOPTV

🔵 ASML ADR (+12.19%)
ASML controls most of the global photolithography market and has an absolute monopoly on EUV photolithography, necessary for fabricating the most advanced semiconductor chips. NerdWallet With earnings due next week, investors are positioning ahead of results. ASML climbed 1.5% or more on Friday alone following TSMC’s strong revenue report. Charles Schwab

🔵 Eaton (+11.61%) & GE Vernova (+10.30%)
Both are power infrastructure plays that benefit from the massive electricity demand driven by AI data centers. The intraday record-high list this week spread into industrial names, including electrical components and equipment companies. Yahoo Finance

🔵 Vertiv Holdings (+12.98%)
Vertiv makes power management and cooling systems for data centers — a direct beneficiary of AI infrastructure spending as data centers require more sophisticated thermal and power solutions.

🔵 Ciena Corp (+10.74%)
Ciena was identified as one of the semiconductor/networking names breaking out on its own merits this week. www.marketshost.com It supplies optical networking equipment heavily used in AI data center interconnects.

🔵 Caterpillar (+10.24%) & Texas Instruments (+10.19%)
Both are industrials/analog chip plays. Caterpillar benefits from infrastructure and construction activity, while TI’s analog chips are embedded in everything from industrial equipment to EVs. The week’s rally extended notably into industrial and infrastructure-related names. Yahoo Finance

Bottom line: This was primarily a relief rally driven by the US-Iran ceasefire removing immediate supply chain and energy fears, amplified by strong TSMC data validating AI chip demand, and punctuated by Intel’s specific turnaround story. The breadth of the move — from chip equipment makers to industrials — suggests broader market repositioning after weeks of geopolitical pressure