S&P 500 and Nasdaq Close at Record Highs
The S&P 500 rose 0.8 percent to end the week near 7400, recording both its highest daily and weekly closes in history. The Nasdaq also achieved record daily and weekly closes. A leveraged trader shorting both indexes sits on more than $1.9 million in unrealized losses after adding funds to avoid liquidation.
The S&P 500 and Nasdaq recorded their highest daily and weekly closes in history on Friday as tech stocks rallied on a strong jobs report. 8 percent and ended the week at a new record high near 7400. The indexes also closed at record highs, according to MarketWatch.
Market momentum was evident in the close. MOC Imbalance for S&P 500 was +1502 million. MOC Imbalance for Nasdaq 100 was +893 million, MOC Imbalance for Dow 30 was +380 million and MOC Imbalance for Mag 7 was +560 million.
One trader bucked the bullish trend. 9 million in unrealized losses. Nine hours ago, the trader deposited another 1 million USDC to avoid liquidation.
Lumentum’s stock performance ranks sixth in the S&P 500 this year. The optical company is set to join the Nasdaq-100. Bitcoin slipped to $79,000 after pulling back from this week's $81,500 high. Crypto futures markets logged their 67th straight day of negative funding rates.
The 67-day streak of negative funding rates is the longest in a decade according to K33 Research. S. equity indexes. Both the S&P 500 and Nasdaq closed at record highs.
The performance reflected broad participation in the tech-led advance.
Key Facts
Story Timeline
5 events- 2026-05-09
S&P 500 rises 0.8 percent to end week near 7400 at record daily and weekly close
4 sourcesWatcherGuru · MarketWatch · Investingcom - 2026-05-09
Nasdaq records highest daily and weekly closes in history
3 sourcesWatcherGuru · MarketWatch - 9 hours before close
Leveraged trader deposits 1 million USDC to avoid liquidation on short positions
1 sourcelookonchain - 2026-05-09
Bitcoin slips to $79,000 after pulling back from $81,500 weekly high
1 sourceCoinDesk - 2026-05-09
Crypto futures reach 67th straight day of negative funding rates, longest streak in a decade
2 sourcesCoinDesk · K33 Research
Potential Impact
- 01
Lumentum addition to Nasdaq-100 expected to increase visibility and liquidity for its shares
- 02
Highly leveraged short position risks forced liquidation if rally continues
- 03
Prolonged negative crypto funding rates could pressure Bitcoin and related assets lower
- 04
Record closes may encourage further retail and institutional buying in tech sector
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