U.S. Stocks Hit Records This Week — Why the S&P 500 and Nasdaq Rally Survived the Oil Shock
The S&P 500 and Nasdaq both set new records to close out the week, powered by gains in AI-focused stocks and a stronger April jobs report. Friday saw the S&P 500 jump 0.84% to 7,398.93, while the Nasdaq surged 1.71% to 26,247.08. The Dow Jones Industrial Average barely moved, adding just 0.02% and finishing at 49,609.16.
