Market Highlights
The Nasdaq-100 surged over 5% this week, reaching all-time highs alongside the S&P 500, which advanced 2.3% in the same period. Strong market performance was bolstered by a positive jobs report from the Labor Department, revealing 115,000 new positions in April, nearly double the forecast of 65,000.
Intel’s stock jumped 16% on reports of a preliminary deal to produce chips for Apple, while Micron rose 13% after a bullish analyst review. Nvidia and AMD also saw gains, with Nvidia adding nearly 2% and AMD rising 8%. The Dow Jones Industrial Average managed a modest gain of 0.2% this week.
Despite geopolitical tensions in the Persian Gulf, investor focus remains heavily on AI and semiconductor markets. Analysts remain optimistic as tech earnings continue to report favorable results.
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