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Markets Score 32 Bullish

Nasdaq Scales New Heights as Tech Strength Offsets Dow Slump

May 01, 2026 16:56 UTC
AAPL, CBOE
Immediate term

The Nasdaq Composite reached a new record high on Friday, driven by gains in major technology stocks. Meanwhile, the Dow Jones Industrial Average faced slight pressure, ending the session with mixed results.

  • Nasdaq Composite hit a new all-time high
  • Apple Inc. maintained strong upward momentum
  • Dow Jones Industrial Average reversed gains to close 0.1% lower
  • Cboe Global Markets saw a significant price spike
  • AI-focused Sandisk remained directionless during the session

Wall Street opened the month of May with divergent performance across major indices, as the Nasdaq Composite surged to a new record high while the Dow Jones Industrial Average struggled to maintain momentum. The tech-heavy Nasdaq's ascent was fueled by continued optimism in the artificial intelligence sector and strong individual performances from mega-cap leaders. This divergence highlights a continuing market preference for growth-oriented tech assets over traditional industrial components. Apple Inc. showed significant strength during the session, contributing to the broader tech rally. In the AI space, Sandisk remained in a period of consolidation as investors sought a clear direction for the stock. Additionally, Cboe Global Markets experienced a notable price spike, reflecting increased trading activity. Despite the strength in technology, the Dow Jones Industrial Average reversed its early gains to trade 0.1% lower. The mixed closing suggests a cautious approach from investors as they enter the new month, balancing high-growth tech enthusiasm with broader economic uncertainty.

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