Tech-Led Rally Propels Major Indexes to Record Highs
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Nasdaq closed at a historic peak of 21,450.02, surging 0.98% on Friday as big tech names fueled a broad market rally. The S&P 500 ROSE 0.78% to 6,389.45, narrowly missing its own record, while the Dow Jones Industrial Average gained 0.47% to 44,175.61. All three indexes posted weekly gains, with the tech-heavy Nasdaq outperforming at 3.9%.
Apple emerged as the primary catalyst, jumping 13% this week—its strongest performance since July 2020. The iPhone Maker announced a $600 billion U.S. investment plan coinciding with tariff exemptions for domestic semiconductor production. This policy alignment triggered a 4.2% single-day surge on Friday, amplifying momentum across tech sectors.
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