Investing Update: Why Is the Market Ripping?
What I'm buying, selling & watching
Stocks closed the week at record highs, with the S&P 500 finishing at 7,165, up 0.6% and now on pace for its fourth consecutive weekly gain, something not seen since October 2024. The Nasdaq hit its own record, climbing 1.5% to 24,837.
The numbers behind the rally are hard to ignore. The Nasdaq has surged 16% in just 16 trading days, and the broader tech sector is up 20% over the past three weeks. Both semiconductors and technology closed out their 18th straight day in the green, the longest winning streaks on record for each.
The Dow was the lone laggard, slipping 0.4%, while the Russell 2000 added 0.4% and leads all major indexes year-to-date at +11.5%. Oil surged 13.2% to $94.92, Gold pulled back 2.8% to $4,724, and Bitcoin gained 5.3% to close at 77,767.
Market Recap
Weekly Heat Map Of Stocks
YTD Heat Map of Stocks
