Traders work on the floor of the New York Stock Exchange on April 30, 2026. Timothy A. Clary/AFP via Getty Images
Wall Street’s multi-week rally shifted into higher gear this week, driven by strong earnings from Alphabet, Qualcomm, Amazon, and Apple. The S&P 500 and Nasdaq hit fresh record highs, with the Nasdaq closing above 25,000 for the first time—a bullish technical milestone for the index.
The rally held despite rising oil prices, a fragile Middle East peace, and higher bond yields following a divided Federal Open Market Committee (FOMC) meeting.
