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The aBP Weekly: New Highs, Narrow Leadership in the US Stock Market

Markets ended the week in a good mood, but not in a fully relaxed one. The S&P 500 and Nasdaq both closed at fresh records, helped by another burst of strength in technology and a market that was willing to lean into earnings wins. Still, this did not feel like a broad, everything-is-working rally. It felt more selective than that. Investors rewarded the names that delivered, especially in tech, while staying more cautious elsewhere. By Friday’s close, the S&P 500 was up 0.5% for the week, the Nasdaq gained 1.5%, the Dow slipped 0.4%, and the Russell 2000 added 0.4%.


Line chart of Intel stock from 1998 to 2026, peaking at $82.54 in 2026. Text notes a new all-time high after 25 years.
Source: AP News

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