Wall Street Closes Higher on Tech Rally, Posts Weekly Gains
Wall Street’s main indexes closed higher, driven by a rally in major tech stocks and easing U.S.-China tensions. The Dow Jones ROSE 0.05%, the S&P 500 increased by 0.74%, and the Nasdaq climbed 1.26%, with strong performances from top tech companies.
Nvidia led the tech sector’s gains, jumping 4.3%, while Alphabet reported a 28% increase in Google Cloud revenue. Despite some companies like Intel and T-Mobile facing challenges, overall market sentiment remained optimistic due to strong earnings in the tech sector.
Market operators enjoyed the rally, with all three major indexes posting gains to end the session. The tech-heavy Nasdaq outperformed, reflecting investor confidence in growth-oriented assets—a sentiment that often spills over into cryptocurrency markets.
