S&P 500, Nasdaq end higher, notch weekly gains after earnings-heavy week
By Stephen Culp and Niket
Nishant
Fri May 1, 2026
Q1 earnings reports, particularly in the tech sector, continued to come in strong on Friday, bolstering continuing confidence in AI as more companies begin claiming their huge AI investments are starting to pay off. As is usually the case, when tech gets exciting, money is taken from the safety of industrials so the Dow had a modestly down day while the S&P and Nasdaq took off. After ending a record-breaking month yesterday (the biggest in years), both the tech indexes registered a record-breaking week today with both hitting now six consecutive weekly advances, the longest winning streak in 1-1/2 years.
