S&P500 and Nasdaq 100: Bulls Eye Weekly Gains as Tech Stocks Drive US Indices

Can Bulls Keep Control Into the Weekend?

Midway through the session, the S&P 500 is up 0.7% at 6,409, Nasdaq’s ahead 0.8% at 23,690, and the Dow’s adding 0.3% around 44,297.

Buyers are stepping in after yesterday’s grind, and more likely than not, this is a mix of short-covering and genuine dip-buying.

Apple’s 4.5% surge is still stealing the show, and strong numbers from Gilead Sciences (+8.6%) and Monster Beverage (+6.1%) are giving the S&P 500 extra lift.

What’s Driving Sentiment Right Now?

Quite frankly, the market is juggling two big stories—solid earnings beats from heavyweights and ongoing tariff uncertainty.

The semiconductor space is front and center, with Micron (+5.5%) and Skyworks (+3.5%) helping the Nasdaq push toward another record high.

Gold futures hit record highs earlier, but that was driven by fresh U.S. tariffs on imported gold bars from Switzerland, not by safe haven demand.

With the Dow up 1.3%, the S&P 500 up 2.3%, and the Nasdaq up 3.7% for the week, bulls are trying to lock in a strong weekly close.

Where Are the Key Floors and Ceilings?

 

 

 

 

 

 

For e-mini S&P 500 futures, 6,354 remains the short-term floor, with the 50-day down near 6,223.50 as the deeper safety net. Break above 6,426.75 and you could trigger momentum buying into next week and possibly a new record high.

E-mini Nasdaq futures support is parked at 23,310, with the 50-day down at 22,712—while 23,845 is the ceiling the bulls want to crack.

The E-mini Dow’s holding above the 50-day moving average at 43,921.10 and 43,700 floors, with 44,615 as the near-term lid. We’re still in a broad consolidation range, working off some excess from July’s rally.

Which Sectors Are Setting the Pace?

Technology (+1.1%) is leading thanks to Apple, Micron, and Cisco (+2.8%), while health care (+1%) is getting a boost from Gilead and Dexcom (+2.8%). Financials (+1%) are quietly trending higher with MetLife (+3.4%) in the green.

On the downside, utilities (-0.5%) and real estate (-0.25%) are lagging as yields hold steady. Consumer staples (+0.4%) are modestly higher, helped by Molson Coors (+2.9%).

What Should Traders Watch Into the Close?

If we hold these intraday floors, Monday could open with some follow-through buying—especially if tariff headlines calm down over the weekend.

That being said, one bad soundbite from Washington could hit semis and high-beta names fast.

With gold’s move today tied to tariffs rather than risk aversion, the metals market isn’t flashing a warning just yet. For now, buyers are on dips, tech is in the driver’s seat, and the market looks content to grind higher into the bell.

More Information in our Economic Calendar.