S&P 500 and Nasdaq Close at Record Highs

The S&P 500 and Nasdaq recorded their highest daily and weekly closes in history on Friday as technology stocks rallied following a strong jobs report. The S&P 500 rose 0.79 percent to 7,394.79 while the Nasdaq Composite gained 1.50 percent to 26,191.87.

The Dow traded slightly lower, falling 0.06 percent to 49,564.80. Information technology shares jumped 2.1 percent, leading sector gains. Health care stocks fell 0.9 percent, the weakest performing group. The Nasdaq 100 surged 1.7 percent to close at a fresh all-time high amid the tech rally.

The S&P 500 and Nasdaq also posted their sixth consecutive weekly win as chip stocks advanced. Intel is in the Unusual Whales Autopilot portfolio and is up 226 percent since being added. The Trump Administration is up 550 percent on Intel. The S&P 500 has added 10 trillion dollars in market value over the past 29 days.

Semiconductor and artificial intelligence stocks have surged more than 100 percent in recent weeks. Just five stocks have accounted for roughly half of the S&P 500's total gains since April 1. These same tech giants are gaining further momentum amid rate cuts, deregulation and historic inflows into equities.

U.S. stocks traded mostly higher for the session even as some individual companies reported mixed earnings. Westrock Coffee shares jumped 39 percent after beating first-quarter sales expectations while Innodata surged 88 percent on better-than-expected results.

Fluor shares plunged around 12 percent after reporting first-quarter earnings of 14 cents per share, missing the consensus estimate of 62 cents. The engineering and construction firm also missed on revenue, posting 3.663 billion dollars against an expected 3.894 billion dollars.

Crude oil rose 1 percent during the session. Japanese stocks traded steady near historic highs as technology sector moves and other global factors weighed on sentiment.

Inflation has returned while the labor market has shown signs of weakening. The return of inflation has intensified demand for yield and hard assets that can preserve purchasing power. Access to Bitcoin has increased in 50 countries since 2020 while only four countries have seen reduced access.

The period of rapid market gains is expected to be referenced for decades. >"We truly are witnessing history right now.