Couverture de Big Tech Leads The Market Higher - Market Outlook (Ep. 28)

Big Tech Leads The Market Higher - Market Outlook (Ep. 28)

Big Tech Leads The Market Higher - Market Outlook (Ep. 28)

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Last week--Monday, April 20 to Friday, April 24, 2026--the stock market reached record highs, driven by a blockbuster earnings report from Intel and easing geopolitical tensions in the Middle East, despite a volatile start to the week. The S&P 500 and Nasdaq both secured their fourth consecutive week of gains, with the S&P 500 closing above 7,100 for the first time. The Nasdaq was the standout performer among the indexes due to it holding most tech stocks, which were strong this week, while the Dow (which is not so tech-heavy) was the underperformer among the indexes. This week's rally was driven by tech. Intel jumped up 23% on Friday after beating earnings estimates and raising guidance on strong AI-driven CPU demand. This was the best day Intel has had in 38 years (the dotcom boom) and Intel is now trading at its highest level since 2000. This boosted the entire tech sector, with companies like Nvidia and AMD also seeing significant gains. AMD shares surged 10% on Friday because--let's be real--anything Intel can do, AMD can probably do better.

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