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Barchart
Barchart
Rich Asplund

Stocks Finish Higher as Megacap Tech Stocks Rally

United States Nasdaq SP ARE US Federal Reserve China Eastman Chemical ECB Intel Corporation University of Michigan

The S&P 500 Index ($SPX) (SPY) Friday closed up +0.74%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.14%.  June E-mini S&P futures (ESM25) are up +0.73%, and June E-mini Nasdaq futures (NQM25) are up +1.17%. 

Stock indexes on Friday settled moderately higher, with the S&P 500 and Nasdaq 100 posting 3-week highs.  Despite conflicting tariff news on Friday, strength in megacap technology stocks lifted the overall market.  Friday's US economic news also supported stocks after the University of Michigan US Apr consumer sentiment index was unexpectedly revised upward, and 1-year inflation expectations were revised lower.

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