The S&P 500 and Nasdaq 100 experienced significant gains, marking their best weekly performance since November. The surge was primarily driven by a rally in Big Tech stocks, following strong earnings reports. Additionally, investors responded positively to the latest U.S. inflation data, which further fueled the market's upward trajectory. On Friday, both indices reached session highs, with the S&P 500 increasing by 1% and the Nasdaq 100 by 1.4%.
Stock market today: Indexes jump to close best week since November as investors cheer tech earnings https://t.co/TCHM9WGqXj
The S&P 500 and Nasdaq Composite notched their best weeks since November as Big Tech names rallied on strong earnings and traders pored through fresh U.S. inflation data. https://t.co/VCYpH3OiVl https://t.co/kKhvCSWWbL
S&P 500, Nasdaq post sharp gains Friday as tech stock rally higher https://t.co/XQeR6hpDiM
S&P 500, NASDAQ 100 POST BIGGEST WEEKLY GAINS SINCE NOVEMBER
*S&P 500, NASDAQ 100 POST BIGGEST WEEKLY GAINS SINCE NOVEMBER https://t.co/lIIqeMqjz0
S&P 500 RISES 1% TO SESSION HIGH, NASDAQ 100 GAINS 1.4%