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.
