The stock index of the New York Stock Exchange closed strongly. Apple showed a strong upward trend after the uncertainty surrounding semiconductor tariffs was resolved, leading the market rise. The Nasdaq composite index recorded an all-time high.
On the 8th (local time), the Dow Jones Industrial Average closed at 44,175.61, up 206.97 points (0.47%) from the previous session on the New York Stock Exchange (NYSE). The Standard & Poor's (S&P) 500 index jumped 49.45 points (0.78%) to finish at 6,389.45, while the Nasdaq composite index rose 207.32 points (0.98%) to close at 21,450.02.
As there were no major indicators to move the market, individual stocks were in play. Apple continued its rise of over 4%, sustaining the strong performance of technology stocks. With this increase, Apple's gain for the week amounts to 13.33%. This is the largest weekly increase since July 2020.
Apple decided to invest an additional $100 billion in U.S. manufacturing facilities, maintaining investor sentiment. The uncertainty was also alleviated as Apple was exempted from the semiconductor tariff announced by U.S. President Donald Trump this week. OpenAI's decision to continue additional investments in ChatGPT 5 also supported buying sentiment in technology stocks. With Apple leading, technology stocks showed strength, and the Nasdaq hit a new all-time high.
Among the large technology companies with a market capitalization of over $1 trillion, all except Amazon saw an increase. Nvidia showed a rise of around 1%, while Alphabet and Tesla both rose more than 2%. The Philadelphia semiconductor index also participated in the trend, rising 0.79%.
By sector, technology and telecommunications services rose more than 1%. Industries such as industrials, real estate, and utilities declined.