Nasdaq closes above 25,000 for first time on software rally
Updated
Updated · Barron's · May 1
Nasdaq closes above 25,000 for first time on software rally
8 articles · Updated · Barron's · May 1
The tech-heavy index rose 0.9% on Friday, while the S&P 500 gained 0.3% to a record and the Dow fell 153 points, with most stocks actually ending lower.
Software shares powered the advance after a heavy earnings week, extending both the Nasdaq and S&P 500 to five straight weekly gains.
April manufacturing held at 52.7, but prices paid jumped to 84.6, the highest since April 2022 supply shocks, as investors await results from Palantir and AMD next week.
Could the tech-driven rally survive if oil prices surge further and supply chain disruptions worsen, or are markets ignoring deeper economic risks?
With most manufacturers planning price hikes and services inflation rising, can central banks prevent a new wave of stagflation while supporting tech-driven growth?
As AI infrastructure becomes vital and energy-hungry, will rising input costs and geopolitical shocks reshape which sectors truly lead the next economic cycle?