S&P and NASDAQ Indices Reach New Record Highs

US stocks finished sharply higher, with all major indices posting gains of at least 1.7% as risk appetite remained firmly in control. The rally was led by technology shares, pushing the NASDAQ indices to the top of the leaderboard, while the S&P 500 and Dow Industrials both closed at fresh record highs. Broad participation was also evident, with the small-cap Russell 2000 posting a solid advance.

• NASDAQ 100: 29,733.16, +956.36 points (+3.32%)
• NASDAQ Composite: 26,584.99, +671.10 points (+2.59%)
• Russell 2000: 3,036.98, +55.07 points (+1.85%)
• Dow Jones Industrial Average: 54,091.42, +908.11 points (+1.71%)
• S&P 500: 7,736.53, +136.04 points (+1.79%) (new record close)

Among the big winners, several stocks gained over 5%:

• Palantir (PLTR): +29.45%
• Arm (ARM): +17.39%
• Whirlpool (WHR): +13.80%
• Marvell (MRVL): +12.81%
• Albemarle (ALB): +12.65%
• Coherent (COHR): +12.35%
• SanDisk (SNDK): +10.97%
• Intel (INTC): +10.84%
• Super Micro Computer (SMCI): +10.61%
• SpaceX: +9.43%

However, both AMD and SpaceX saw declines in after-hours trading following their earnings reports. AMD reported a revenue and EPS beat, with EPS at $1.66 versus $1.62 expected, but the stock is trading down approximately 5.3% after hours. SpaceX reported its first earnings at $-0.09, better than the expected $-0.24, with revenues of $7.8 billion against an expectation of $6.83 billion, yet shares are down 4.45% in after-hours trading.