Tech Rally Propels U.S. Stocks to Record Highs as Apple Leads Charge

U.S. equities closed the week at historic levels, fueled by a tech-sector surge that lifted the Nasdaq Composite to an all-time high of 21,450.02—a 0.98% gain on Friday alone. The S&P 500 and Dow Jones followed suit with weekly advances of 2.4% and 1.4%, respectively. Apple emerged as the primary catalyst, notching its strongest performance since July 2020 with a 13% stock surge that added $400 billion in market capitalization.

The rally gained momentum after CEO Tim Cook's WHITE House meeting with former President Trump, where Apple committed to $600 billion in domestic investments over four years—including $100 billion for U.S.-sourced components. The agreement exempts Apple from potential tariffs on imported chips, alleviating supply chain concerns that had weighed on investor sentiment.